CTA warns that tariffs could lower U.S. consumer purchasing power by $90B to $143B

Gary Shapiro is CEO of the CTA, creator of CES.

The CTA warned today that the tariffs on foreign goods will fuel inflation and hurt U.S. consumer purchasing power by up to $143 billion.Read More

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How U.S. tariffs on Mexico, Canada could impact American consumers

The United States will charge import fees, up to 25%, on goods from Mexico and Canada starting Tuesday. It will also place an additional 10% tariff on Chinese imports. CBS News MoneyWatch ...
CBS News - 14h
US hints that tariffs on Mexico and Canada could be lower than 25%

Commerce secretary Howard Lutnick says levies will take effect on Tuesday but Trump is still deciding rates
Financial Times - 1d
As consumer delinquencies rise, U.S. economic growth increasingly powered by the wealthy

Most official data continues to show the U.S. economy is humming along, with unemployment historically low and inflation expectations still relatively stable.
NBC News - Feb. 22
What tariffs on Canada, Mexico and China could mean for consumers

President Trump's plan to impose 25% tariffs on nearly all goods imported from Canada and Mexico is set to take effect Tuesday. The president also plans to impose an additional 10% tariff on ...
CBS News - 4h
U.S. Consumers Are Increasingly Worried About Trump’s Tariff Plans

The Consumer Sentiment Index hit its lowest reading since November 2023.
Inc. - Feb. 21
How Trump’s Tariffs Could Reorder Asia Trade and Exclude the U.S.

Asian countries are among the most vulnerable to President Trump’s economic grievances. But they are also best placed to make deals to minimize their exposure.
The New York Times - Feb. 21
How Trump’s Canada Tariffs Could Impact Both the U.S. and Canada

President Trump’s plan to apply 25 percent tariffs on Canadian exports is set to start on Tuesday. They would deal a brutal blow to Canada’s economy.
The New York Times - 16h
Trump tariff threats rattle consumers

Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Consumer confidence dips in Trump’s first month A new survey found that ...
The Hill - Feb. 21
Ray Dalio warns U.S. could face a surprise debt-crisis ‘heart attack’ within three years

“When you reach the part of the cycle that you have to borrow money to pay debt service, and the holders of those bonds say it’s a risky situation — in the private debt market, we call that the ...
MarketWatch - 14h

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CTA warns that tariffs could lower U.S. consumer purchasing power by $90B to $143B

Topics

Related

How U.S. tariffs on Mexico, Canada could impact American consumers

US hints that tariffs on Mexico and Canada could be lower than 25%

As consumer delinquencies rise, U.S. economic growth increasingly powered by the wealthy

What tariffs on Canada, Mexico and China could mean for consumers

U.S. Consumers Are Increasingly Worried About Trump’s Tariff Plans

How Trump’s Tariffs Could Reorder Asia Trade and Exclude the U.S.

How Trump’s Canada Tariffs Could Impact Both the U.S. and Canada

Trump tariff threats rattle consumers

Ray Dalio warns U.S. could face a surprise debt-crisis ‘heart attack’ within three years

More from VentureBeat

WorldShards generates $6.2M as part of Open Loot partnership

Insomniac’s VR titles delisted, casting a shadow over the technology

Less is more: How ‘chain of draft’ could cut AI costs by 90% while improving performance

Google launches free Gemini-powered Data Science Agent on its Colab Python platform

Anthropic raises $3.5 billion, reaching $61.5 billion valuation as AI investment frenzy continues

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