Experts worry how tariffs could affect American trade and consumer costs

Experts worry how tariffs could affect American trade and consumer costs

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Interactive Video

Business

University

Hard

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The video discusses President Trump's tariff plans, focusing on their potential impact on the economy, particularly in e-commerce. Tariffs against China are set to take effect, while those against Canada and Mexico are delayed. The suspension of the de minimis loophole, which allowed duty-free imports under $800, could lead to higher consumer prices and affect retailers like Amazon. Experts express concerns about the impact on small and medium-sized brands and the overall shopping experience for U.S. consumers.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What concerns do experts have regarding the impact of tariffs on U.S. shoppers?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How might small and medium-sized brands be affected by the end of the de minimis loophole?

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