Trump's Tariffs: Rising Costs and Economic Impact

President-elect Donald Trump's proposed tariffs, including a 60% tax on Chinese goods and up to 20% on other imports, are expected to drive up consumer prices and inflation as businesses pass these costs onto customers. Companies like AutoZone and Walmart have indicated potential price increases, while economists suggest buying big-ticket items sooner to avoid future hikes. However, the full impact remains uncertain, with some viewing the tariffs as a negotiation tactic rather than a definitive policy.