Yes, Tariffs Are Raising Prices. Here's 5 Examples.
I looked at the data, it's bad.
Contrary to what the right-wing propagandists in the Trump administration are saying, foreign countries are ‘not paying the tariffs.’
For months, we've been promised that in response to enormous tariffs, foreign companies that export to the United States would reduce their prices so that the final price paid by American importers (after tariffs) would be the same.
Unfortunately for MAGA pundits, the data tells us a different story: the price paid by American companies for imports (before tariffs) is actually *UP.*
This means foreign exporters are paying NONE OF THE TARIFFS.
American companies are now facing as high as 50% tariffs on imported goods from other countries as of August 7th, and now they are starting to pass this huge sticker shock on to consumers.
If you have a friend or family member who’s questioning the impact of these tariffs, please consider sharing this data with them.
Here are 5 examples:
Gaming Consoles
Due to the 15% tariff on all Japanese goods, Sony just raised the price of the PS5—the best-selling console in America—by $50.
A few months earlier, Microsoft did the same with Xbox, raising the Series S by $80 and Series X by $100. Xbox units are made in China and subject to a 30% tariff.
Nintendo Switch models have also seen price hikes of up to $50, with more possible.
Coffee
In July, coffee prices surged 14.5% year over year. Coffee shops around the country are feeling it: Jessica Simons, owner of Bethany’s Coffee Shop in Lincoln, Nebraska, told CNBC her costs are up 18%–25% since Trump took office in January.
Most U.S. coffee comes from Brazil, which now faces a 50% tariff as of August 6th. Coffee requires a very specific climate—one the U.S. simply doesn’t have at scale.
Cars
With a 25% global tariff on imported cars and car parts, prices are already creeping up despite inventory lags. MINI Coopers are up about 11.4%, while models like the Chevrolet Traverse and Cadillacs are up more than 7%.
Steel
Domestic steel producers have lifted prices roughly 16% this year—and they’re set to rise further after Trump doubled steel tariffs from 25% to 50%. That change will flow through the economy, raising costs for construction, canned foods, cars, furniture, and appliances.
Big Box Stores
A CNBC analysis of 50 Walmart products found prices rose as much as 51% following Walmart’s announcement that it would raise prices due to Trump’s tariffs.
This article was written by Lead Policy Advisor Micah Erfan.
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I work in retail. The company is a bit "old school" as everything is individually ticketed. Much of our merchandise comes in pre-ticketed. I spent most of my days, since July 1st removing old tickets and re-ticketing a newer, higher price. Sometimes $1 or $2, but generally about 20%. Was $19.99, nope, now $24.99, was $249.99, nope, now $299.99. For anyone to say inflation is gone, they are in denial!
“Prices after tariffs would be the same.”
That is not what was promised - prices need to go down in order to reduce food costs as an example. We were promised cheaper food and gas.
I don’t know whether the sane among us Expected it to work, but it was promised.
Tariffs are a tax on what people buy.
Release the unredacted epstein/ trump files and information.