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tariffsABC News
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85% Informative
Trump has proposed tariffs of between 60% and 100% on Chinese goods, and a tax of between 10% and 20% on every product imported from all U.S. trading partners.
Some products would likely undergo much more significant price increases than others, experts told ABC News .
“This will directly impact people’s pocketbooks,” one expert said.
Economists face challenges forecasting the exact price increase since it remains unclear whether firms involved in the supply chain for products, such as toys, will take on a share of the added cost by relinquishing some profits or will pass along all of the cost to customers, Miller said. The current body of academic research, however, suggests that many companies will add the full cost of tariffs onto the consumer. “It is difficult to predict the exact price increase,” Miller said. “But it will be inflationary.”.
VR Score
87
Informative language
87
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63
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English
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Attention-grabbing headline
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External references
5
Source diversity
4
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