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Trump's tariffs are worrying! NRF: Could shrink usa consumers' spending power by $78 billion annually
① The National Retail Federation reports that the tariffs proposed by Trump could cost usa consumers between 46 billion and 78 billion dollars each year. ② Tariffs will lead to price increases on outfits, toys, furniture, and other products, which will ultimately be passed on to consumers by retailers; ③ Wall Street investment banks have pointed out that the imposition of high tariffs could severely impact economic growth, and retailers may collectively raise prices.
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MuzRaf007 : You’re wrong now that Trump is president of USA. US economy will grow exponentially so don’t worry about buying more sneakers. And the whole world depends on US and now that a pro crypto president is here will grow exponentially
103998930 OP : nah, with Trump it will be worse, with tariffs etc... only Bitcoin will be good, and maybe the GPUs that power it... The world and US citizens will feel the price increases on his tariffs