It’s likely U.S. shoppers would see prices rise for a wide range of items, including food, gas, clothing, consumer electronics, jewelry, cosmetics, new cars and homes and good made by U.S. manufacturers using imported raw materials and equipment.

Upon returning to office, U.S. President Donald Trump has launched numerous tariff threats. They range from broad ones - a universal tariff on foreign-imported goods - to ones aimed at specific sectors,

Calling Biden’s CHIPS Act incentives ‘ridiculous,’ he claimed companies will build new plants in the US to avoid higher taxes and called DeepSeek’s AI a ‘positive.’

Donald Trump announced plans to impose tariffs on countries like China, India, and Brazil, accusing them of harming the US with high tariffs. Advocating for domestic production, he urged companies to build plants in the US and vowed support for key industries like steel,

U.S. President Donald Trump reaffirmed his intention to impose universal tariffs on imports, rejecting the Treasurys proposed 2.5% rate. Speaking to reporters, Trump stated, I have it in my mind what its going to be,