Trump's Tariffs Impact Prices

This is a U.S. news story, published by ABC News, that relates primarily to Miller news.

U.S. news

For more U.S. news, you can click here:

more U.S. news

Miller news

For more Miller news, you can click here:

more Miller news

consumer electronics news

For more consumer electronics news, you can click here:

more consumer electronics news

ABC News news

For more news from ABC News, you can click here:

more news from ABC News

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best tech news, business news, entertainment news, and much more. If you like consumer electronics news, you might also like this article about

potential tariffs

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest steepest tariffs news, tariff news, consumer electronics news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

tariffs

ABC News

•

Trump's proposed tariffs would raise prices for these products, experts say

Summary

Nutrition label

85% Informative

Trump has proposed tariffs of between 60% and 100% on Chinese goods, and a tax of between 10% and 20% on every product imported from all U.S. trading partners.

Some products would likely undergo much more significant price increases than others, experts told ABC News .

“This will directly impact people’s pocketbooks,” one expert said.

Economists face challenges forecasting the exact price increase since it remains unclear whether firms involved in the supply chain for products, such as toys, will take on a share of the added cost by relinquishing some profits or will pass along all of the cost to customers, Miller said. The current body of academic research, however, suggests that many companies will add the full cost of tariffs onto the consumer. “It is difficult to predict the exact price increase,” Miller said. “But it will be inflationary.”.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful