Trump tariffs could boost factory costs 4.5 percent: Analysis
A new analysis on the Trump administration’s tariff policies found several industries could face cost increases of up to 4.5 percent.
The Washington Center for Equitable Growth found prices rising from 2 to 4.5 percent, with particular vulnerability to the manufacturing sector and the repair and maintenance industries, including auto repair shops.
Researcher Christopher Bangert-Downs said those industries are “highly exposed to tariffs” as raw material imports from China could face heightened levies. The world’s two largest economies have been pushing to establish © The Hill
