The president unleashed a major new wave of import taxes this week, prompting mass alarm and a historic drop in the stock market.

These tools can help you make purchases at the most opportune time, minimizing the impact of higher prices due to tariffs. 5. Stay informed. Keeping up with the latest trade policies and tariff updates is crucial.

Consumers are also likely to feel the pinch of tariffs in home buying, Breyault said. The new taxes on building materials are estimated to increase the average costs of a new home by $9,200, according to an analysis by the National Association of Home Builders.

President Donald Trump announced "reciprocal" tariffs against a wide range of foreign countries Wednesday, in a move that is likely to have widespread effects on the economy.

Economists and supply chain experts told BI consumers will spend about $4,000 more this year due to cost increases caused by Donald Trump's tariffs.

The Strategist’s kitchen and dining writer, Emma Wartzman, says that her top rice cooker hovers around the $200 to $232 price range. Right now, it’s on sale for $172 at Amazon.

Compared to some of its neighbors, Kentucky is more reliant on imports from Canada, Mexico and China as a percent of state GDP.

Drivers will experience the effects of tariffs through higher vehicle prices, repair costs and auto insurance rates.

President Donald Trump announced the sweeping set of tariffs on Wednesday, which will place higher tax rates on goods imported from multiple countries across the world.