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The real victims of Trump tariffs — U.S. consumers?

CNBC | Monday, April 28, 2025 
The real victims of Trump tariffs — U.S. consumers?

Tariffs unleashed — and temporarily, almost capriciously, paused — by U.S. President Donald Trump have given governments across the world a headache as they figure out how to minimize disruptions to their economies. But the U.S. consumer, ironically, could be the real victim of tariffs. During the weekend, Temu, a Chinese e-tailer known for offering wallet-friendly items, hiked prices, citing “import charges.” Analysis by CNBC’s Gabrielle Fonrouge and Annie Palmer found that those fees can cost more than the items themselves and eventually double the price of a typical order. Something worse than price increases is when daily necessities are unavailable for purchase. Some U.S. stores could see empty shelves in a few weeks as the impact of tariffs on China begins filtering into the economy, according to asset management firm Apollo. It’s true that China exports far more to the U.S. than it imports from the country, as U.S. Treasury Secretary Scott Bessent pointed out. But the implication of that trade relationship is that the U.S. consumer has more to lose when China’s exports slow to a trickle. – European stocks outperform U.S. – U.S. stocks traded mixed Monday. The S&P 500 was up a marginal 0.06% and the Dow Jones Industrial Average rose 0.28%. The Nasdaq Composite, however, slipped 0.1%. Over in Europe, the Stoxx 600 index added 0.53%. The U.K.’s FTSE 100 inched up 0.02% for its 11th consecutive day of gains and its best run since late 2019. Deliveroo shares popped 16.5% after the company announced a takeover proposal from DoorDash…Read more

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