Five things that could get more expensive for Americans under Trump tariffs
JULY 29 - In April, US President Donald Trump announced he was introducing sweeping new tariffs, extra taxes that importing firms have to pay if they Kenya breaking news | Kenya news today |..
✨ Key Highlights
US President Donald Trump's new tariffs, or extra taxes on imported goods, despite some negotiations, threaten to increase prices for American consumers. While some major trading partners have seen tariff rates reduced, other countries like Canada face significant increases, potentially impacting the cost of various products.
- Tariffs could make cars, beer, wine and spirits, energy and fuel, houses, and avocados more expensive for American consumers.
- The EU’s agreement cut the threatened 30% tariff in half, while Canada could see tariffs rise to 35% on August 1.
- Many cars from US brands are assembled outside the country, making them also subject to the 25% levy.
- The US is a major market for European alcohol exports, with €9 billion (£7.8 billion) sold annually.
- The National Association of Home Builders (NAHB) has expressed "serious concerns" that tariffs on lumber will increase housing costs.
- Nearly 90% of avocados consumed in the US come from Mexico, making them vulnerable to increased costs.
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US Tariffs Threaten African Economies and American Consumers - July 2025
Economist Leslie Dwight Mensah of the Institute for Fiscal Studies has warned that African economies are under threat from the new U.S. tariff war, with the impact varying based on the scale of trade relationships and potentially eliminating some export trade. Simultaneously, US President Donald Trump's new tariffs, or extra taxes on imported goods, are threatening to increase prices for American consumers. While some major trading partners have seen tariff rates reduced, other countries like Canada face significant increases, potentially impacting the cost of various products. This comes as U.S. budget airlines, including Spirit and Southwest, are already struggling for survival and taking drastic measures like pilot layoffs and flight reductions amidst rising costs and shrinking markets.
