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News in English (USA) / 30.07.2025 / 00:00

Impact of Tariffs on U.S. Economy and Consumers

Recent analyses indicate that tariffs imposed during the Trump administration are impacting U.S. consumers and manufacturers alike. Various reports reveal that Americans are likely to bear the brunt of these tariffs, with predictions of consumer price hikes across multiple sectors, including shoes and toys. Experts suggest that U.S. companies may absorb tariff costs for a limited time before passing them onto consumers, potentially resulting in price increases of up to 4.5%. While some studies claim that tariffs could cost families an additional $2,500 annually, a growing number of voices argue that the burden is predominantly falling on American pockets, raising concerns about long-term inflation and the overall economic landscape. The situation is further complicated by corporate decisions to use tariffs as a justification for price increases, leaving American workers and consumers to face the economic fallout.
NPR, The New York Times, Reuters, CNBC, Axios, The Guardian, The Economist, The American Prospect, CBS News, Newsweek