Trump Promised More Tariffs — That Means Everything Will Get More Expensive | Forbes Topline

The 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.

Subscribe to FORBES

Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:

Stay Connected

Forbes newsletters

Forbes on Facebook

Forbes Video on Twitter

Forbes Video on Instagram

More From Forbes

Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.