Here’s Every Product Trump Just Made More Expensive
Donald Trump has announced massive tariffs on Canada and Mexico, America’s biggest trading partners.
Donald Trump’s tariff war with the nation’s biggest trading partners will affect just about every sector of life for the average American.
Fox News compiled a list of items that are already affected by Trump’s executive order, which is slated to take effect on Tuesday.
Those products include groceries such as avocados, maple syrup, ground beef, cherry tomatoes, sugar, bananas, nuts, cooking oil, squash, cucumbers, strawberries, and pineapples. The order also had immediate ramifications for countless other business sectors, raising the price on everything from liquor to gas.
Children’s toys, shoes, beer and alcohol, and crude oil were all hit in Trump’s 25 percent tariff hike on Canada and Mexico, alongside an additional 10 percent tariff on China. Car manufacturers BMW, Audi, Nissan, and Mazda were also affected, as was American-owned Ford. And every industry that relies on lumber and steel, from artisan goods to construction, will also see mark-ups as the materials themselves become more costly.
Economic experts have always cautioned that Trump’s tariff plan would hurt the country. In a joint letter released before the election, nearly two dozen Nobel Prize–winning economists formally warned against Trump’s economic plan, arguing that the MAGA leader’s stiff tariff increases and tax cuts would spell disaster for the average American.
Economist Larry Summers reiterated that concern on Saturday after Trump announced the tariffs. “This is a ‘Stop or I’ll shoot myself in the foot’ threat. It defies economic logic,” Summers told CNN. “It means higher prices for consumers. It means more expensive inputs for American producers.”