Coffee is among the products that will be affected by President Trump’s tariffs.
Angela Weiss/AFP via Getty Images
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Angela Weiss/AFP via Getty Images
Coffee is among the products that will be affected by President Trump’s tariffs.
Angela Weiss/AFP via Getty Images
President Trump Announces Tariff Adjustments Amid Economic Turmoil
Amidst recent market fluctuations, President Trump has decided to modify his aggressive tariff strategy, setting a uniform rate of 10% across most countries. However, China will face a significantly higher tariff of 125%. Despite the reduction, these rates are still the highest the United States has seen in decades.
The impact of these tariffs on the everyday American consumer will be substantial, as indicated by Martha Gimbel from Yale’s Budget Lab. Gimbel illustrates how shopping trips for essentials like t-shirts, rice, and medication could become significantly more expensive due to the increased tariffs.
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This episode was produced by Erika Ryan and Connor Donevan, with audio engineering by Simon-Laslo Janssen. It was edited by Christopher Intagliata. Our executive producer is Sami Yenigun.
