Where Trump's Tariffs Could Hurt Americans' Wallets

Source: International Business Times

Trump's tariffs could push up the price of imported coffee AFP As global financial markets plunge in the wake of US President Donald Trump's "Liberation Day" tariffs, Americans must also grapple with the potentially long-lasting impact of the move on household budgets. The tariffs -- which are paid in the first instance by US importers -- will likely push up the price of many household items in the United States and reduce consumers' spending power. The US imports a growing share of the fresh fruits and vegetables consumed each year, according to the US Department of Agriculture (USDA).