4 April 2025

Where Trump’s tariffs could hurt Americans’ wallets

By Redoy K

President Trump’s “Liberation Day” tariffs are set to significantly impact US household budgets as global markets plunge. Starting April, imported goods will face steep duties: Chinese and Vietnamese goods at 54% and 46%, EU alcohols at 20%, and various food imports at 10-36%. Electronics, cars, clothing, and groceries will see price hikes, with Yale’s Budget Lab estimating an average household cost of $3,800. Trump maintains the tariffs will make America “very rich.”READ FULL