Financial impact of Trump's escalating trade war

ABC’s Alexis Christoforous breaks it all down with just days before those new 25% tariffs are set to go into effect.

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[RenzoTx]

It’s ridiculous that the average cost of a new car is 50K. 🤦‍♂️

[johningram]

We all know that we are the ones that will pay the price. Always passes down to we the consumers.

[DHSGREG]

Products keep going up and investments keep going down. This fool is crashing our economy.

[later_daze_]

Guy promised to lower grocery prices on DAY ONE instead he’s tanked the stock market. Thanks MAGA!!

[stefanossmitty]

And MAGA will still say with a straight face that things are going great 🤨🤦🏾‍♂️

[MrMetro-mtqv]

MAGA supporters, Vice President Tariff is actually making us all less financially secure, so how does your side justify still supporting him?

[danmayberry]

Are those 90 million voters who stayed on the couch because Harris wasn't perfect starting to regret it?

[jayherrera]

Just letting everyone know, i voted for Kamala Harris, leave me out of this. Im in hibernation mode for these next 3 years.

[FPSDAVE]

At least with Kamala we wouldn’t have all this bs

[billbraskey]

Dont buy anything that isnt needed, i already canceled easter dinner 4th of july parties. No vacations anywhere only buying food and not from restaurants or fast food

[chadakoin]

Nobodys driving the bus. We are rapidly approaching the cliffs edge.

[producermogul]

He’s adding 25% sales taxes to punish consumer

[EKG_]

Trump really likes to model himself on William McKinley. He should take note, however that when McKinley was an Ohio congressman in 1890, his tariff plan that was enacted was very unpopular among consumers even in those days. In the late 19th century, the United States had a truly industrial economy. As a result of the tariffs, Republicans in Congress suffered significant defeats, followed by President Benjamin Harrison's 1892 defeat to Grover Cleveland (who, like Trump was elected to a second non consecutive term). The point being, in that era the tariffs enacted were very unpopular. If Trump follows through next week, I think he risks his party suffering heavily in 2026. A lot of Americans, in our modern day consumer driven economy that's been integrated with supply chains outside our borders are going to realize that Trump's promise of bringing down the price of goods is a sham.

[bobwoods]

Nothing but drama when Trump is in office. He must be doing Putin's bidding

[trekuhl]

I’m not to blame, I voted for Harris!

[powergamesincyoutube]

Forget the stock market crashing, why are the food, gas and eggs price still going up? Didn't trump said it will lower from day 1?

[zo]

They voted for this. You put power in a guy who is failed business man. Then you had 4 years of incompetence to refer to but you still did it

[johnsmithers]

Don't worry, "it will just be a small disturbance, tiny." 😂

[earlkeysaw]

I can’t afford to buy a new car and they are worthless because you can’t repair them yourself

[edwinpadilla]

If you are upset now, just wait till you do your taxes! Also, if your health is meds dependable, check on them prices, or if your health insurance still covers the prices. Remember, don’t blame anyone else for your problems, you voted for this!