"Trump's tariffs could add up to $7,600 in annual costs for families: These 4 products may experience significant price hikes."

trumps-tariffs-might-cost-families-7600-a-year-these-4-items-might-see-a-big-price-increase.html

"Trump's tariffs could add up to $7,600 in annual costs for families: These 4 products may experience significant price hikes."

If you take President-elect Donald Trump at his word, things are about to get a lot more expensive.

Throughout his campaign, Trump has kept coming back to the concept of tariffs, which are taxes levied on goods imported into the United States. The Trump campaign has yet to release a policy document with specifics but in speeches, Trump suggested a broad array of possibilities, ranging from a 10% to 20% tariff on all imports into the United States from all countries. He also suggested an additional tariff of between 60% and 100% on all imports from China, on top of existing tariffs, which range from 7.5% to 25%.