$ 4,200 a year: Introduction by president Donald Trump new customs tariffs for importing goods to the USA It can cost an average American household up to $ 4,200 a year – This is how the calculations of The Budget Lab cited by “Newsweek”. The analysis showed that customs will be a greater burden for lower -income families.
Increase in prices: “The introduction of wide duties in the amount of 20 percent would cause increase in consumer prices by 2.1-2.6 percentif the federal reserve did not take action, “we read. The Budget Lab adds that” it corresponds to it loss of purchasing power by an average of $ 3,400-4200 for a household on dollars from 2024. “
The richest will lose the least: The analysis showed that Food prices can increase by an average of around 3.7 percent. If other countries respond with their own duties, the disposable income of households with the lowest income may fall by 5.5 percent, while in the case of the highest revenue households, the decrease will be only 1.9 percent.
“Make wrestling”: Meanwhile A well -known businessman Marc Cuban on the BlueSky portal posted advice for the Americans. “This is not a bad idea to go to Walmm or other large store and make stocks. From toothpaste to soap, everything you can store before the stores have to complement your warehouses. Even if the product is produced in the USA, They will raise the price and drop it on the duties” – wrote the billionaire.
Investors' reactions: “The New York Times” writes that “Markets around the world shuddered“After Donald Trump announced the introduction of new, universal duties.” Term contracts on the S&P 500 fell by more than 3 percent. Asian markets went down violently – reference indexes fell by more than 3 percent in Japan and almost 2 percent in Hong Kong and South Korea ” – we read.
“I think it's a disaster”: “NYT” emphasizes that the market reaction suggested that The scale of customs duties on Wednesday was a surpriseand “analysts are still trying to determine how they were calculated.” – The tariff scale is shockingly high Compared to what people expected and this is inexplicable in many aspects. I think that catastrophe – said Peter Tchir, head of the macroeconomic strategy at Academy Securities. The new customs rates for imports to the USA, announced by Trump, are from 10 percent. For most countries to e.g. 54 percent towards China. American duties on products from the European Union will be 20 percent.
See also: The French are preparing for an economic start. More in the text “Trump's duties. France ready for a trade war. 'He thinks he is the master of the world'”.
Sources: “Newsweek”, “The New York Times”, Blusky