Six things that could go up in price in the US under Trump tariffs

Quick Summary:

Economists warn that the introduction of tariffs could lead to prices rising on a wide range of products.

That means if Canada decided in retaliation to any US tariffs to reduce crude oil exports, that could lead to prices rising at the petrol pumps.

Trump says he wants to protect American industry, but many economists warn such tariffs could lead to prices rising for consumers in the US.

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Article Details

Category: Business

Markets: United KingdomCanadaIndiaMexico

Topics: American Consumers Goods Canada Trade Canadian Price Mexico Prices Tariffs

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-03 @ 23:18:47 (2 days ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 1170 words

Reading Time: 7 minutes read

Sentences: 48 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 25919505

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Official Website: bbc.co.uk

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News Last Updated: 15 hours ago

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