Global Tariffs Rise to 50%, Impacting Consumers and Key Sectors
TL;DR Summary
President Trump's new tariffs are expected to significantly raise prices on everyday goods like clothing, food, and cars, potentially leading to increased household expenses and economic strain, especially for lower-income families.
- Trump’s Tariffs Could Raise Prices on Many Consumer Goods The New York Times
- Tariffs up to 50% kick in worldwide, sparing few CNN
- Leather, Gems, Jewellery Among Key Sectors Hit Hard By 50% US Tariff NDTV
- Duty regime: America’s consumers will foot the tariff bill The Economist
- How tariffs work, and who pays them, as Trump’s levies take effect The Washington Post
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