How President Trump’s newly-announced tariffs impact you
With President Trump’s recently announced tariffs, the items expected to go up in price include groceries, house goods and appliances, construction and home building and cars and trucks. The 25% tariff on cars not made in the U.S. could raise the price of a new vehicle by thousands of dollars and drive up the price of used cars, too. The Phoenix Chamber of Commerce believes businesses will do their best to keep prices down, but they can’t absorb every added expense. Jason Barry reports.
With President Trump’s recently announced tariffs, the items expected to go up in price include groceries, house goods and appliances, construction and home building and cars and trucks. The 25% tariff on cars not made in the U.S. could raise the price of a new vehicle by thousands of dollars and drive up the price of used cars, too. The Phoenix Chamber of Commerce believes businesses will do their best to keep prices down, but they can’t absorb every added expense. Jason Barry reports.
