🚨 Trump Tariffs 2025: What You Need to Know
📈 Price Impact
New tariffs raised the average U.S. effective tariff rate by ~11.5% in April and 22.5% overall in 2025 a record high since 1909.
This adds an estimated 1.7% to short-term consumer prices, costing $2,800–$3,800 per U.S. household.
🛒 Consumer Costs
Everyday items are feeling the squeeze:
Steel tariffs alone may add $0.30 per can leading to 9–15% more on canned foods.
Clothing prices spiked 17–64%, while electronics saw 10–30% cost increases.
📊 Economic Trade-Offs
Tariff revenues could generate over $3 trillion in 10 years—potentially cutting the federal deficit.
budgetmodel.wharton.upenn.edu
But economist models warn: GDP could drop 0.5–0.9 percentage points, and wages fall ~5% long-term.
The economy showed resilience in May: Inflation 2.4%, 139,000 jobs added, core inflation at 2.8%.
🔍 Bottom Line
Tariffs may boost federal revenue but at a cost:
Higher consumer prices — everything from clothes to canned food is getting pricier.
Economic drag — slowed growth and wage stagnation could follow.
Short-term resilience — consumers and businesses are adjusting, but economists warn of delayed effects.
