Truthout
Tariffs
![President Donald Trump arrives to sign an executive order in the East Room of the White House on February 5, 2025, in Washington, D.C.](https://truthout.org/app/uploads/2025/02/2025_0207-t-400x300.jpg)
What Do Trump’s Tariffs Really Mean for the US Working Class?
Trump’s challenge to the neoliberal order is aimed at increasing capitalists’ profits, not helping workers.
![President Donald Trump takes questions during a briefing in the Brady Press Briefing Room at the White House on January 30, 2025, in Washington, D.C.](https://truthout.org/app/uploads/2025/02/2025_0203_donald-trump-w-400x300.jpg)
Trump Describes Americans Against Tariffs as Being “Controlled by China”
Trump said in a Truth Social post that his tariffs would be worth the “price that will be paid” by American consumers.
![U.S. President Donald Trump signs Interior Secretary Doug Burghum's commission with Burgum and his wife Kathryn Burgum in the Oval Office on January 31, 2025 in Washington, DC. Trump spoke to reporters about tariffs against China, Canada and Mexico.](https://truthout.org/app/uploads/2025/02/GettyImages-2196996070-400x300.jpg)
Trump Orders Imposition of High Tariffs on Canada, Mexico and China
Experts warned the steep tariffs on the nation's three largest trading partners would spike prices for US consumers.
![President-elect Donald Trump meets Britain's Prince William, Prince of Wales in the Salon Jaune room at the UK Ambassador's Residence on the day of the reopening ceremonies of the Notre-Dame de Paris Cathedral, on December 7, 2024, in Paris, France.](https://truthout.org/app/uploads/2024/12/2024_1209-donald-trump-g-400x300.jpg)
Trump Reneges on Promise That His Tariffs Won’t Raise Costs for Consumers
In his first term in office, Trump's tariffs cost consumers around $1.4 billion per month, one study found.
![A customer pulls a shopping cart as he leaves a Lowe's store on November 21, 2023, in Pacoima, California.](https://truthout.org/app/uploads/2024/11/2024_1126-lowes-400x300.jpg)
In Social Media Posts, Trump Threatens Tariffs on Mexico, Canada and China
Trump vowed to place 25 percent tariffs on all goods coming from Mexico and Canada, and to increase tariffs on China.
![A shopper pushes a cart through the parking lot of a Walmart in Wilmington, Delaware, on November 25, 2022.](https://truthout.org/app/uploads/2024/11/2024_1119-walmart-400x300.jpg)
Walmart and Other Companies Say Trump’s Tariffs Will “Obviously” Raise Prices
The president-elect is planning on imposing a baseline tariff on all foreign-made goods.
![A report from the nonpartisan Congressional Budget Office projected lower economic growth and higher consumer prices.](https://truthout.org/app/uploads/2020/02/GettyImages-1093288630-400x300.jpg)
Government Report Finds Trump’s Trade War Is Harmful to Americans’ Incomes
A report from the nonpartisan Congressional Budget Office projected lower economic growth and higher consumer prices.
![Money in pocket of lobbyist](https://truthout.org/app/uploads/2020/01/2020_0109-lobbyist-400x300.jpg)
How Trump’s Trade War Is Making Lobbyists Rich and Slamming Small Businesses
Lobbyists have profited from helping companies avoid tariffs, sometimes by undercutting small business.
![A woman looks stressed at her computer while holding a credit card](https://truthout.org/app/uploads/2019/12/2019_1209-stressed-shopper-400x300.jpg)
Trump Is Raising Taxes on Middle-Class Consumers With His Trade War
Trump doesn't seem to realize that tariffs are taxes -- and he's raising them on the middle class in an election year.
![A woman in a red hat walks by an advertisement for a black friday sale](https://truthout.org/app/uploads/2019/11/2019_1128-black-friday-400x300.jpg)
Retail Giants Gear Up for Black Friday — and Political Giving
Many corporate giants are ramping up lobbying efforts this year against tariffs and in support of social issues.