Tag

Consumer Costs

All articles tagged with #consumer costs

policy8 days ago•4 min saved

California to phase out less efficient replacement tires

California’s Energy Commission approved a two-phase rule to curb replacement tires with higher rolling resistance. Beginning in 2029, tires must meet a maximum rolling resistance of 9.1 N/kN, then drop to 7.2 N/kN in 2033, ensuring sold replacements are as energy-efficient as original equipment. Regulators estimate phase 1 could save about $79 in four months and phase 2 about $153 in seven months, while tire makers warn costs could rise and a large share of current tires could be banned. Enforcement will involve a lab testing program and retailer checks, with numerous exclusions (e.g., competition, winter, used/treaded, space-saver, and some off-road tires).

via KCRA|

#california #consumer-costs #energy-efficiency

policy1 month ago•6 min saved

Trump push to loosen home-appliance efficiency standards faces backlash

The Energy Department proposes weakening or pausing future efficiency updates for home appliances (air conditioners, refrigerators, washing machines), arguing it preserves consumer choice and lowers costs, but critics warn it would increase energy use and strain the grid, undo decades of efficiency gains, and could face lawsuits from Democratic-led states; the move mirrors earlier Trump-era efforts and follows other rollbacks since he returned to office.

via The Washington Post|

#appliance-standards #consumer-costs #energy-efficiency

business2 months ago•384 min saved

Gas bills surge: Americans paying billions more at the pump since February

NBC News reports that since late February, Americans have spent about $33 billion more on gasoline as national average prices rose roughly 34% from Feb. 28, driven by the Iran-related conflict. The piece highlights NBC’s daily gas-cost calculator for estimating personal pump costs, notes the biggest price jumps in states like Wyoming, Utah and Wisconsin, mentions some states pausing gas taxes, and notes shifting consumer behavior toward less driving and higher utility spending.

via NBC News|

#brown-university #business #consumer-costs

economy2 months ago•4 min saved

Tomatoes Turn Into a Red Flag for America’s Grocery Costs

Tomato prices have jumped about 40% over the past year, making them a public-facing sign of America’s affordability squeeze as tariffs, policy shifts, and global factors push up groceries; the spike affects restaurants and shoppers, with economists expecting some relief later as domestic harvests increase.

via PBS|

#consumer-costs #economy #grocery-prices

business3 months ago•69 min saved

Gas-price surge widens the economic gap for strapped households

New research finds a spike in gasoline prices hits low-income Americans hardest, widening a K‑shaped economic divide as poorer households cut back on driving and other spending while higher‑income households weather the pain, underscoring energy inflation's regressive toll on families and the broader policy stakes.

via AP News|

#business #consumer-costs #energy-markets

economy6 months ago•1 min saved

Tariffs Add About $1,000 to Each Household, Study Finds

A Tax Foundation study estimates Trump-era tariffs cost the average American household about $1,000 last year and could rise to roughly $1,300 if current policies continue; economists warn the effects are complex and depend on negotiations, with potential hits to households and agriculture while lower fuel prices offer some offset.

via 5 EYEWITNESS NEWS|

#consumer-costs #economy #tariffs

politics6 months ago•16 min saved

New report estimates Trump-era CFPB tweaks cost Americans $19 billion

A new report claims that changes to the Consumer Financial Protection Bureau implemented during the Trump administration added about $19 billion in costs to American consumers.

via AP News|

#cfpb #consumer-costs #politics

economy7 months ago•4 min saved

Kiel Study Finds US Consumers Bear Nearly All Tariff Costs

A Kiel Institute study finds Americans shoulder about 96% of Trump-era tariff costs, with importers and consumers paying the bulk while foreign exporters mostly keep prices steady. The research notes tariff revenue of about $195 billion in fiscal year 2025 and estimates households paid roughly $758 per adult last year. It highlights deadweight losses, higher consumer prices, and disrupted supply chains, and offers four reasons why foreign suppliers haven’t offset costs. While some findings suggest tariffs could modestly curb inflation, the dominant takeaway is that tariffs act as a consumption tax on Americans.

via Straight Arrow News|

#consumer-costs #economy #kiel-institute

business7 months ago•0 min saved

US Auto Market Faces Challenges Amid Rising Costs and Changing Buyer Trends

The US car market is showing signs of fatigue as rising costs are impacting buyers' ability to purchase vehicles, indicating potential challenges ahead for the auto industry.

via Financial Times|

#auto-industry #business #car-sales

economy9 months ago•4 min saved

Hershey's Halloween Sales Boost as Retailers Cut Prices Amid Rising Costs

The article discusses the rising costs of Halloween candy due to inflation, bad cocoa harvests, increased manufacturing costs, and tariffs imposed during the Trump administration, which have led to significantly higher prices for chocolates and candies, impacting consumers and charitable programs alike.

via Kotaku|

#candy-prices #consumer-costs #economy

world10 months ago•2 min saved

Trump's Furniture and Lumber Tariffs Impact Consumers and Industry

The Trump administration's new tariffs on imported furniture, wood, and housewares have taken effect, potentially increasing prices for consumers as economists estimate Americans will bear the majority of the added costs, which could impact home building and remodeling expenses.

via CBS News|

#consumer-costs #furniture-tariffs #inflation

business10 months ago•1 min saved

Goldman Sachs: U.S. Consumers Bear Most of Trump's Tariffs

A Goldman Sachs report reveals that U.S. consumers are bearing up to 55% of the costs of President Trump's tariffs, contradicting claims that trading partners would pay. Despite tariffs aimed at boosting domestic manufacturing, consumer prices have been rising monthly since April, with potential increases ahead, and some businesses may be temporarily shielding consumers from higher costs.

via The Daily Beast|

#business #consumer-costs #goldman-sachs

economy1 year ago•7 min saved

Trump's Tariffs and the Rising Cost of Living in America

The article discusses how U.S. consumers and businesses are gradually bearing the costs of Trump's tariffs through increased prices, a phenomenon termed 'sneakflation,' with evidence suggesting that most tariff costs are passed on to consumers over time, despite claims that foreign exporters are absorbing these costs.

via CNN|

#consumer-costs #economy #import-prices

politics1 year ago•2 min saved

Trump criticizes Goldman Sachs' tariff forecast and demands new economist

President Donald Trump criticized Goldman Sachs and its chief economist after a report predicted that consumers would bear the majority of the costs from tariffs, calling for a change in the bank's economic leadership and dismissing the report's findings.

via upi.com|

#consumer-costs #donald-trump #economist

business1 year ago•3 min saved

U.S. Auto Industry Faces Rising Costs from Tariffs and Trade Policies

Automakers are currently absorbing the high costs of tariffs on imports like steel, aluminum, and foreign-made parts, which have not yet been passed on to consumers. Despite tariff bills exceeding a billion dollars for major companies, car prices have only increased modestly, partly due to full inventories and strategic pricing. However, automakers are expected to eventually raise prices and pass costs to consumers, especially with new models arriving in 2026, potentially leading to higher sticker prices and more subtle cost increases like higher financing rates.

via NPR|

#automakers #business #car-prices