💨 Abstract

Donald Trump's new tariffs on imports are expected to drive up prices of various goods in the U.S., contradicting his claims. Starting next week, computers, electronics, clothing, watches, shoes, furniture, and toys will see price increases. Countries like China, Vietnam, and Mexico are significantly affected, with computer prices already up 5% year-over-year. Economists predict short-term price hikes of up to 39.7% for certain items.

Courtesy: WTOP Staff