Consider This from NPR Tariffs will boost prices a lot — here's how much
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Apr 9, 2025 
Martha Gimbel, the executive director and co-founder of the Budget Lab at Yale, discusses the implications of President Trump's aggressive tariff policies. She takes listeners on a virtual shopping trip, revealing how everyday items like t-shirts and medications will cost significantly more due to these tariffs. Gimbel highlights the disproportionate impact on lower-income households and the broader economic effects, including potential GDP losses. The conversation unfolds the complexities of global trade, showing how different nations adapt to this tariff landscape.
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Trump's Price Promise
- In August, then-candidate Donald Trump highlighted rising grocery prices under the Biden administration.
- He promised to bring prices down quickly if elected.
Tariffs vs. Lower Prices
- Trump's campaign promise to lower prices clashes with his tariff plan.
- Higher tariffs will likely increase consumer costs.
Yale Study on Tariff Impact
- The Budget Lab at Yale is studying the consumer price impact of tariffs.
- Imported goods like clothing will see price surges due to the tariffs.