💨 Abstract

Donald Trump's tariffs announced on Wednesday could significantly impact American household budgets by increasing prices on imported goods such as fruits, vegetables, coffee, olive oil, alcohol, and electronics, particularly Apple products. Tariffs on clothing and textiles could also lead to higher costs, resulting in an average per household consumer loss of $3,800, according to estimates by Yale's Budget Lab.

Courtesy: www.thesouthafrican.com

Summarized by Einstein Beta 🤖