politics

Massive New Tariffs Incoming—How Will This Hit Your Wallet?

Trump just announced huge new tariffs on imports from China (54%), Vietnam (46%), Cambodia (49%), and the EU (20%). Starting May 2, even small packages under $800 from China (AliExpress, Temu, Shein, etc.) will get slapped with the 54% rate.

For context: The U.S. imported $439B worth of goods from China last year. These new tariffs mean higher prices for consumers and potential retaliation from trading partners.

Trump claims these tariffs just "match" what other countries charge us. But the numbers seem... murky. Regardless, this could shake up global trade and hit wallets hard.

Do you think this is a necessary move to protect American jobs, or is it just another tax on consumers? How will this impact your business or spending habits?