5 things to consider buying before new tariffs take effect
CNN
While there’s a lot we don’t know about President-elect Donald Trump’s tariff plans, at least one thing is pretty certain: Tariffs will go up. If history is any indication, that means price increases will likely follow.
While there’s a lot we don’t know about President-elect Donald Trump’s tariff plans, at least one thing is pretty certain: Tariffs will go up. If history is any indication, that means price increases will likely follow. Already, Trump announced he will slap a new 25% across-the-board tariff on imports from Mexico and Canada as well as an additional 10% tariff on Chinese imports the very day he’s inaugurated. And on the campaign trail, he pledged to levy a 60% tariff on all goods imported from China and a 10% to 20% tariff on goods coming from all other nations. Such tariffs have the potential to significantly increase the prices consumers pay on nearly everything that isn’t made entirely in the US, of which there are very few goods. So you may be wondering, especially with all the Black Friday and Cyber Monday deals taking place, are there any purchases you can make now to save money down the road? The answer is yes — with caveats.
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Imagine having a language tutor who was always on, available anytime to teach you new vocabulary or check up on your progress.
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Trump says DOGE could return 20% of its savings directly to taxpayers. That could reignite inflation
President Donald Trump said he is considering a plan that would give 20% of savings identified by Elon Musk’s Department of Government Efficiency (DOGE) back to Americans, potentially complicating the country’s ongoing battle with elevated inflation.