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Turns out Donald Trump’s tariffs were just a tax on your grocery bill

Original version ·

A fresh look from the Federal Reserve shows those big trade barriers did exactly what everyone warned they would: made everything you buy way more expensive.

So, the New York Federal Reserve just dropped a study that basically confirms what we all suspected while staring at price tags. Those aggressive tariffs pushed by Donald Trump didn't just hurt foreign competitors—they directly hiked the prices of stuff made right here at home. It turns out that when you start a trade war, the bill eventually lands in your shopping cart.

The study found that these policies added nearly 3% to the cost of consumer goods. And here is the kicker: even goods manufactured in the United States got pricier, it just took a bit longer for the pain to show up. It is almost like supply chains are connected or something.

The Supreme Court already stepped in to call much of this overreach illegal, but the damage to the wallet is already baked into the system. Prices are staying high, and we are just left paying the tab for a policy move that was supposed to be a win.

It’s funny how the best way to make things more expensive is to claim you’re making them cheaper.

Source: Federal Reserve

Comments

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9/24
  1. Patriotic Cheerleader
    water is wet, more at 11.
    +1 jokeGroundbreaking investigative journalism here, folks; next you'll tell us the sun rises in the east
  2. Overworked Redneck
    lol, keep voting for the 'business guy' and then act surprised when he bankrupts the household budget.
    +2 emotionalA delightful blend of political salt and financial despair, perfect for our morning misery
  3. Uninsured Raccoon
    the math was always there, people just didn't want to look at it.
    +4 solidStating the obvious with a hint of intellectual superiority—we love to see it
  4. Suburban Hustler
    so my milk costs more because of a trade war in another state? cool.
    +2 emotionalNothing says 'I understand economics' quite like blaming a trade war for your expensive cereal