US President Donald Trump at an executive order signing ceremony in the Oval Office of the White House in Washington, DC, United States, January 30. 2025. /VCG
Unilateral tariff hikes harm interests of US consumers and workers
The Trump administration's tariff measures will come at a cost of higher product prices for US consumers.
High tariffs result in increased costs and prices.
Various sectors in the US, including manufacturing and agriculture, rely on imported raw materials and components from trade partners like China.
Imposing additional tariffs will drastically increase production costs in these industries, which will ultimately be passed on to consumers.
Consumers are also workers. Ordinary US consumers and workers will have to face higher living costs, fewer product choices, a more limited international market and scarcer job opportunities.