Over the weekend, Colombia agreed to accept migrants from the U.S. back to their country after President Trump threatened action against them, including tariffs. This isn’t the first time tariffs have been a focus of the new administration. Lori Taylor, who recently presented on the Trump administration’s tariff outlook, highlighted key findings suggesting Trump is credible when threatening tariffs. She mentioned proposed tariffs: 10% across-the-board, 25% on Mexico goods starting in February, and 60% on Chinese imports. Experts predict these tariffs will lead to significant price increases for Americans, with electronics, vehicles, and apparel likely affected. Taylor noted that while tariffs could generate substantial federal revenue, voters might not notice the cost changes at the store. The increased prices are expected to impact households across the country, potentially making imported goods more expensive for everyday use.
Source: https://www.kbtx.com/2025/01/27/focus-four-how-much-will-trump-administrations-tariffs-really-cost