🚨 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.

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