Trump’s tariffs are finally in place, with an average tariff rate of 17%, which will force costs of consumer goods to rise as “uncertainty paralyzes people” from making investments or big purchases, says @calebsilver.bsky.social of @investopedia.com. "Tariffs are inflationary - full stop."
msnbc.com
From workout clothes to beer cans, Trump’s sweeping tariffs threaten to raise prices on our ‘Betty’
Betty, our fictional working mother living in the real American economy, is facing rising prices in every corner of her life – from new cars to laundry detergent and athletic clothes. She may want to make her purchases sooner rather than later, but Investopedia’s Caleb Silver says the economic uncertainty of Trump’s tariff policy “paralyzes people.”
