"Brace for Impact :- Everyday Costs Set to Rise Under Trump’s Tariffs"
Proposed Tariffs --->>>
- 10 percent on all imports
- 60 percent on Chinese goods
What This Means for You :-
1. Groceries --->>>
Increase of 185 dollars per year per household
Affects coffee, beer, avocados, shrimp.
2. Electronics --->>>
Laptops and tablets up to 45 percent.
Smartphones up to 25.8 percent.
TVs up 9 percent.
3. Clothing and Footwear --->>>
Apparel up 20.6 percent
Shoes up 18.1 percent
Bags and wallets up 13 percent
4. Home Appliances
Average price increases to 19.4 percent
Refrigerator example - from 650 to 776 dollars
--- Big Picture ---
✓ Higher inflation.
✓ Slower economic growth.
✓ Risk of recession (According to JP Morgan's CEO).
Please DYOR.
