How Trump’s Tariffs Are Quietly Draining Your Wallet

WORLD

By Aniket Chakraborty Apr 4, 2025 Arrow Image Credit | @WhiteHouse | X

Bananas from Latin America now face a 10% tariff—just the start of pricier produce in US supermarkets.

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Coffee lovers beware: imports from Brazil and Colombia will now carry a 10% tariff.

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Olive oil, wine, and spirits from Europe will be taxed up to 20% starting April 9.

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Thai jasmine rice and Indian basmati will see tariffs of 36% and 26%, respectively.

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iPhones made in China face a steep 54% tariff—costs likely to pass on to American buyers.

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A new 25% levy on foreign-made vehicles could significantly inflate sticker prices.

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With 54% tariffs on Chinese imports and 46% on Vietnamese, clothes are set to get a lot more expensive.

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Nike and Gap shares plunge over 13% and 20% amid tariff fears.

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Yale researchers estimate the total impact so far equals a $3,800 annual loss per US household.

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