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 more permanent exchange policies after a May truce from the trade war.........
