Trump's tariffs could cost Americans $78B in annual spending power: NRF

seekingalpha11-24

Brandon Bell/Getty Images News President-elect Donald Trump’s proposed tariffs on imports to the U.S. could substantially increase prices for clothing, toys, furniture, household appliances, footwear ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2485992887?lang=en_US&edition=fundamental","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/2185636867/image_2185636867.jpg?io=getty-c-w750","is_english":true,"pubTime":"2024-11-24 22:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2485992887","market":"sg","top_or_hot":-1,"title":"Trump's tariffs could cost Americans $78B in annual spending power: NRF","media":"seekingalpha","content":"<div>\n<p>Brandon Bell/Getty Images News President-elect Donald Trump’s proposed tariffs on imports to the U.S. could substantially increase prices for clothing, toys, furniture, household appliances, footwear ...</p>\n\n<a href=\"https://seekingalpha.com/news/4325403-trumps-tariffs-could-cost-americans-78b-in-annual-spending-power-nrf\">Source Link</a>\n\n</div>\n","source":"seekingalpha_trending_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Trump's tariffs could cost Americans $78B in annual spending power: NRF</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTrump's tariffs could cost Americans $78B in annual spending power: NRF\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-24 22:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4325403-trumps-tariffs-could-cost-americans-78b-in-annual-spending-power-nrf><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Brandon Bell/Getty Images News President-elect Donald Trump’s proposed tariffs on imports to the U.S. could substantially increase prices for clothing, toys, furniture, household appliances, footwear ...</p>\n\n<a href=\"https://seekingalpha.com/news/4325403-trumps-tariffs-could-cost-americans-78b-in-annual-spending-power-nrf\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0107464264.USD","symbol_name":"abrdn SICAV I - GLOBAL INNOVATION EQUITY \"A\" (USD) ACC","start_time":0,"source_url":"https://seekingalpha.com/news/4325403-trumps-tariffs-could-cost-americans-78b-in-annual-spending-power-nrf","article_id":"2485992887","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/2185636867/image_2185636867.jpg?io=getty-c-w750"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485992887","pubTimestamp":1732456800,"columns":[],"sourceInfo":{"source_id":"seekingalpha_trending_news","name":"Seeking Alpha Trending News"},"weMediaInfo":null,"summary":"Brandon Bell/Getty Images News President-elect Donald Trump’s proposed tariffs on imports to the U.S. could substantially increase prices for clothing, toys, furniture, household appliances, footwear ","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0107464264.USD":"abrdn SICAV I - GLOBAL INNOVATION EQUITY \"A\" (USD) ACC","LU0823421416.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) INC","LU0061474960.USD":"天利环球焦点基金AU Acc","LU1153585028.USD":"BGF GLOBAL LONG-HORIZON EQUITY  \"A4\" (USD) INC","IBUY.AU":"BetaShares Online Retail and E-cmmrc ETF","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","DEMZ":"Democratic Large Cap Core ETF","BK4551":"寇图资本持仓","EMTY":"ProShares Decline of the Retail Store ETF","SG9999002224.SGD":"Allianz Global High Payout SGD","COST":"好市多","WMT":"沃尔玛","LU0080751232.USD":"富达环球多元动力基金A","LU1868836757.USD":"CT (LUX) I AMERICAN FUND \"2\" (USD) ACC","KRUZ":"Unusual Whales Subversive Republican Trading ETF","BK7050":"调查和咨询服务","BK4596":"哈里斯概念","LU1430594728.SGD":"Eastspring Investments - Global Low Volatility Equity AS SGD","FDN":"First Trust Dow Jones Internet I","RETL":"Direxion Daily Retail Bull 3X Shares","IBUY":"Amplify Online Retail ETF","LU2023250330.USD":"ALLIANZ INCOME AND GROWTH \"AMG\" (USD) INC","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","HD":"家得宝","AMZN":"亚马逊","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","YALL":"God Bless America ETF","XRT":"零售指数ETF-SPDR标普","EBIZ":"Global X E-commerce ETF","NANC":"UNUSUAL WHALES SUBVERSIVE DEMOCRATIC TRADING ETF","LU1815333072.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"AUP\" (USD) INC","LU0345770993.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) INC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU1069347547.HKD":"AB SICAV I - GLOBAL VALUE PORTFOLIO \"AD\" (HKD) INC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU1929549753.HKD":"FRANKLIN INCOME \"A\" (HKD) INC","TGT":"塔吉特","BK4567":"ESG概念","LU1880398554.USD":"AMUNDI FUNDS GLOBAL EQUITY \"A2\" (USD) INC","ONLN":"ProShares Online Retail ETF","ACVF":"American Conservative Values ETF","RTH.AU":"RAS TECHNOLOGY HOLDINGS LTD","LU2430703095.HKD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (HKD) INC","MAGA":"Point Bridge America First ETF","KR":"克罗格","LU2242650005.HKD":"FIDELITY FUNDS GLOBAL MULTI ASSET DYNAMIC \"A\" (HKD) ACC","RTH":"零售指数ETF-HOLDRs","LU0072462426.USD":"贝莱德全球配置 A2","LU0823421333.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) ACC","BK4527":"明星科技股"},"translate_title":"NRF：特朗普的关税可能导致美国人每年消费能力损失78B美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMZN":1,"YALL":1,"XRT":1,"WMT":1,"TGT":1,"RTH.AU":1,"RTH":1,"RETL":1,"ONLN":1,"NANC":1,"MAGA":1,"KRUZ":1,"KR":1,"IBUY.AU":1,"ACVF":1,"IBUY":1,"EMTY":1,"EBIZ":1,"DEMZ":1,"COST":1,"HD":1,"FDN":0.9},"content_text":"Brandon Bell/Getty Images News President-elect Donald Trump’s proposed tariffs on imports to the U.S. could substantially increase prices for clothing, toys, furniture, household appliances, footwear and travel goods, according to a report from the National Retail Federation (NRF). American consumers could lose between $46B and $78B in spending power each year if the new tariffs are implemented, or $362-$624 per household, the report published earlier this month added. Trump has said that he would impose a 10% to 20% tariff on all imports, with a higher rate of 60% to 100% on Chinese imports. He also proposed a 25% tariff rate on Mexico if the country did not enact stricter border regulations. According to Goldman Sachs, \"The biggest risk is a large across-the-board tariff, which would likely hit growth hard.\" The increased prices would be too high to be absorbed by U.S. retailers, resulting in prices that many consumers would be unwilling or unable to pay, the NRF report said.  According to the report, under the new tariffs, consumers would end up paying $13.9B to $24B more for clothing, $8.8B to $14.2B more for toys, $8.5B to $13.1B more for furniture, $6.4B to $10.9B more for household appliances, $6.4B to $10.7B more for footwear, and $2.2B to $3.9B more for travel goods. The NRF highlighted that the six categories examined in the report can be found in nearly every home in the United States, with the money it takes to buy them representing a greater share of after-tax income of low-income households compared to high-income households. \"The tariffs are paid first by American importers (not foreign countries or foreign suppliers), very few of whom can absorb the significantly higher costs out of their profits,\" the report said. \"As the products make their way to retail shelves, that tariff cost transfers as well, and materializes in the form of higher prices of goods sold to American consumers.\"  While some producers and the U.S. Treasury might benefit, the costs to consumers would exceed those gains and the U.S. economy would suffer a net loss, the NRF said. Some of the biggest U.S. retailers include: Amazon (AMZN), Walmart (WMT), Costco (COST), Kroger (KR), Home Depot (HD), Target (TGT). Here are some retail and e-commerce linked exchange-traded funds of interest: (XRT), (RTH), (IBUY), (ONLN), (EBIZ), (RETL), and (EMTY). For investors looking to follow the federal government through market instruments, here are some politically driven Republican and Democratic ETFs:  God Bless America ETF (YALL) American Conservative Values ETF (ACVF) Point Bridge America First ETF (MAGA) Democratic Large Cap Core ETF (DEMZ) Unusual Whales Subversive Democratic ETF (NANC) Unusual Whales Subversive Republican ETF (KRUZ)  Dear readers: We recognize that politics often intersects with the financial news of the day, so we invite you to click here to join the separate political discussion.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"economic","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485992887"}