Trump’s tariff costs began to add to Americans. Here is how

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Something slowly, the costs of US President Donald Trump’s tariff began to appear for American companies and consumers.

The tariff effect news is rising, from Detroit three car manufacturers companies Announcing the face of additional costs this year in billions, to The manufacturer of stainless steel cooking tools In Tennessee, a $ 75,000 US tariff bill hit one shipment, all the way to Cafes Consider strengthening the cup price due to the definitions of Brazil.

Until recently, companies have somewhat protected American consumers from the full effects of definitions, either by rushing to supplies in the country before Trump’s dates or absorbing fees as a cost to do business.

But with the customs tariffs on imports of about 100 American trading partners Because of the height this week From the current foundation line of 10 percent, the tariff costs do not turn anywhere.

Alex Duranti, chief economist of the Washington -based Politics and Politics Politics and Durae, says the definitions are up to a wide range of American companies that depend on imports.

“I think the administration will face great difficulty in trying to persuade the American people that some of the prices they see due to other factors are not related to the definitions,” Duranti said in an interview with CBC News.

“I don’t think most people will be deceived,” he said.

Watch | Carney Point man takes on customs duties Canada’s message to American TV:

Canadian officials who trust in the American commercial deal will be reached

Prime Minister Mark Carney and Dominic Lieblank, the minister in charge of the Canada trade and the United States, expressed their confidence in reaching a new trade deal with the United States, even after 35 percent of customs duties were imposed late last week.

Trump, the Council of Ministers denies the definitions that cost the Americans

While at the total level, the American economy In general, fine Despite Trump’s tactics, there are some new data that indicates that the customs tariff works as a wound:

Trump and members of the Council of Ministers quickly cleaned any evidence that the definitions cost the Americans, with the president even Federal head of the Federal Statistics Agency Which produces the country’s recruitment report.

“We have a lot of money and much more money than the country saw, hundreds of billions of dollars,” Trump said on Sunday when one of the correspondents asked about the customs tariff:

American commercial actor, Jameson Jarir, denied that TROMP definitions are working in the stagnation of jobs.

“I don’t read the tariff policy in this number,” Jarir told CBS. Facing the nation Sunday.

A man carrying coffee beans in his cut hands while standing behind the named bags
Ricardo Rovino Junior is displaying coffee pills on the Boa Esperana Farm in Praganka Paulista, Brazil, on Monday. The country faces the possibility of 50 percent capacity on its export products to the United States, leaving some American cafes given whether they will raise prices. (Andrei Pinner/Associated Press)

But if you are ready to look around, you can find many examples of companies you feel.

Reuters news agency collect examples of how major companies around the world respond to Trump’s definitions, such as long -distance hiking prices and issuing profit warnings.

Retail traders, major brands raising prices

Reuters Tracker 22 American companies are currently offering prices, including retail giants (Walmart, Best Buy), Nike, Crocs, Birkenstock) and large home commodity makers (Colgate-Palmolive, Procter & Gample, Cloorx).

It is difficult to imagine that many American consumers have not bought anything from those companies this year.

In recent days, other large American companies have reported the effects of customs tariffs:

  • Technology giant apple She says she faced $ 800 million of tariff costs in the past quarter, and expects to rise to $ 1.1 billion in this quarter.
  • Warren Buffett Berkshire Hathaway The customs tariff partially blames a quarterly decrease of 5.1 percent in the Consumer Commodities section, which includes trademarks such as Fruit of the Loom.
  • The manufacturer Stanley Black and Dicker The costs of customs tariffs will reach $ 800 million this year.

Corporate figures do not address another emerging trend in the American economy: the decline in the visits made by international travelers, Significantly from Canada.

This may not be completely linked to a tariff, but Trump invalidates other countries to trade by describing it as bad, unfair and a piece of the United States that is not exactly what you call a warm and welcoming tourism campaign as well.

Watch | The economist says that Canada has a better deal on Trump’s tariff than other countries:

Economist Robert Embree on the impact of American definitions on the Canadian economy

Get the latest on CBCNEWS.CA, CBC news app, and CBC news network for urgent news and analyzes

High prices can affect public opinion

while Some voting It indicates that more Americans do not agree to customs tariffs more than approval, the issue does not seem a decisive source of general damage in Ubine of Trump and Republicans-at least yet.

This can change if the costs of tariffs on companies accumulate a lot so that consumers can only see the effect.

“We know from the last presidential elections that the voters did not really like seeing higher prices,” Duranti said.

He sees the troubles in front of us whether companies are going through all or none of the costs of the additional tariffs for consumers.

“If they accommodate prices, this is less than money they can use to invest in their own businesses and jobs and produce more production,” Duranti said.

“Therefore, even if we don’t see the definitions that completely affect the final consumer prices, these are still some of the very harmful effects.”



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