Coffee is among the products that will be affected by President Trump’s tariffs.
Angela Weiss/AFP via Getty Images
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Angela Weiss/AFP via Getty Images
Coffee is among the products that will be affected by President Trump’s tariffs.
Angela Weiss/AFP via Getty Images
After a week of market turmoil, President Trump announced he would reset his most extreme tariffs to 10 percent across the board, with the exception of China — which he boosted to a 125% tariff rate. Even at the reduced level, the tariff rates are the highest the nation has seen in many decades.
And higher tariffs translate to higher prices for American consumers. Martha Gimbel of the Budget Lab at Yale takes an imaginary walk through a big box store to look at how much more people might pay for t-shirts, rice, medication and other staples.
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This episode was produced by Erika Ryan and Connor Donevan, with audio engineering by Simon-Laslo Janssen. It was edited by Christopher Intagliata. Our executive producer is Sami Yenigun.
