Trump Promised More Tariffs — That Means Everything Will Get More Expensive | Forbes Topline
November 7, 2024
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3:51Now PlayingTrump Promised More Tariffs — That Means Everything Will Get More Expensive | Forbes Topline
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as posted by the channelThe United States drastically cut its reliance on tariffs as a primary form of federal revenue over a century ago. With Donald Trump’s return to the White House, a lot of things are going to change – especially the price of everyday items.
While on the campaign trail, the president-elect made a number of promises regarding tariffs on foreign-made goods. Specifically, Trump said as recently as November 4 that there would be tariffs of at least 25% – which could rise to as high as 100% – on goods made in Mexico. Previously, he said that goods made in China should be hit with a 60% tariff, while anything manufactured abroad should have a blanket 20% tariff. Presuming Trump makes good on those promises, that would mean that a slew of imported items.
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