Tariffs Two Biggest Losers? You And You Again
https://www.fa-mag.com/news/tariffs-two-biggest-losers--you-and-you-again-87225.html
It’s widely understood that the Trump administration’s ill-conceived decision back in April 2025 to impose broad “reciprocal” tariffs on U.S. imports from around the world, even on an island inhabited only by penguins, has made the goods that Americans buy more costly. Need new dishes? Those prices were up 15.4% in April from a year earlier. A men’s shirt? Up 7.7%. Some jewelry for a significant other? Up 16.1%. Accessories for your personal computer? Up 13.9%
Now that we have a year’s worth of data to analyze, we’re finding that the levies have had the opposite effect on the wages of U.S. workers, suppressing earnings growth and helping to explain why, more than ever, Americans say this economy isn’t working for them.
https://www.fa-mag.com/news/tariffs-two-biggest-losers--you-and-you-again-87225.html
It’s widely understood that the Trump administration’s ill-conceived decision back in April 2025 to impose broad “reciprocal” tariffs on U.S. imports from around the world, even on an island inhabited only by penguins, has made the goods that Americans buy more costly. Need new dishes? Those prices were up 15.4% in April from a year earlier. A men’s shirt? Up 7.7%. Some jewelry for a significant other? Up 16.1%. Accessories for your personal computer? Up 13.9%
Now that we have a year’s worth of data to analyze, we’re finding that the levies have had the opposite effect on the wages of U.S. workers, suppressing earnings growth and helping to explain why, more than ever, Americans say this economy isn’t working for them.