People are just realizing effect Trump’s tariffs will have on items as price of $80,000 truck instantly increases live on TV
Many Americans are just now realizing how Donald Trump’s new tariffs are affecting prices. A recent live TV segment showed the cost of an $80,000 Dodge Ram truck instantly increasing to $100,000 due to the new trade policies.
Tariffs are taxes placed on imported goods, making them more expensive to sell in the U.S. Businesses often pass these higher costs on to consumers, leading to price hikes on everyday items.
Since returning to office 44 days ago, President Trump has introduced several executive orders, including halting the TikTok ban and reinforcing policies on gender definitions. But one of his most significant moves so far has been imposing tariffs on goods from countries like Mexico, Canada, and China. The White House argues these tariffs are necessary to combat illegal immigration and the drug trade, including the spread of fentanyl.
The effects of these tariffs became clear during a Fox News report, where David Kelleher, a car dealership owner in Pennsylvania, explained how a customer who had ordered an $80,000 truck saw the price jump to $100,000.
“He’s not going to buy the truck now. It’s going to sit on my lot,” Kelleher said, adding that high interest rates are already making it difficult for dealers to keep up with rising costs.
In response to Trump’s tariffs, countries like Canada and China have imposed their own taxes on American goods.
China has added a 15% tax on U.S. coal and liquefied natural gas, along with a 10% tariff on crude oil, farm equipment, and some cars. On March 4, China also announced new tariffs on U.S. agricultural goods, including wheat, corn, chicken, pork, beef, seafood, dairy, fruits, and vegetables.
Canada has placed a 25% tariff on CA $155 billion worth of American products.
As tariffs continue to take effect, consumers and businesses alike are feeling the financial strain, with many now questioning how these policies will impact the economy in the long run.
