Impact of President Trump's Tariffs on Consumers

SOURCE www.breitbart.com
President Trump's new tariffs are not expected to significantly hurt American consumers, as recent research shows that the impact on consumer prices will be modest. The tariffs are aimed at restructuring North American trade and are not expected to cause ongoing inflation.

Key Points

  • Tariffs create a one-time price adjustment, not ongoing inflation
  • Most of the price impact is from tariffs on Mexico and Canada, not China
  • Tariffs may lead to short-lived effects on U.S. prices
  • Businesses and consumers may adjust to mitigate the impact on prices

Pros

  • Tariffs may lead to a restructuring of North American trade
  • Research suggests the impact on consumer prices will be modest

Cons

  • Tariffs may lead to short-term economic challenges for Mexico and Canada