As the Memorial Day weekend approaches, Americans are poised to spend more time worrying about finances than celebrating the beginning of summer this year. President Trump’s tariffs are hiking prices on groceries, clothes, air conditioning, and more, forcing working families to bear higher expenses as Republicans in Congress work to take away health care and food assistance from millions to pay for tax cuts for the wealthy. Take a look at what’s in store at checkstands across the nation this holiday weekend thanks to Trump’s tariffs:
QUICK FACTS
🏷️ TRUMP TARIFFS HIKE EVERYDAY COSTS FOR WORKING AMERICANS: Costs are rising for everyday essentials thanks to Trump’s tariffs.
- 🥩🐓 Beef and chicken are nearing record prices.
- 🥵 Air conditioning bills will be higher this summer.
- 👕 Shoes, clothing, and toys are getting more and more expensive.
- 🛒 International groceries’ prices are up.
💸 $5,000 GROCERY TAX: Trump’s tariffs are estimated to add $5,000 to the average family’s annual grocery bill.
🏦 SMALL LOANS TO PAY FOR GROCERIES: People are starting to take out small loans just to pay for food and groceries.
🛍️ WALMART IS THE FIRST OF MANY TO HIKE PRICES: A majority of U.S. companies say they have to raise prices this year, including top grocers like Walmart.
HEADLINES
- WCPO 9: Beef, Chicken Near Record Prices This Memorial Day: How To Save On A Cookout.
- USA Today: Rising Beef Prices May Chill Your Grill On Cookouts From Memorial Day To End Of Summer.
- NBC News: Tariffs Are Threatening Your Air Conditioning Bill This Summer.
- USA Today: Tariffs Trigger Price Hikes: Shoes, Clothing And Toys To Get More Expensive This Summer.
- Food & Wine: Trump’s Tariffs May Add Nearly $5,000 to the Average Family’s Annual Grocery Costs.
- 11Alive: With Grocery Prices Up, Report Shows More People Taking Out Small Loans For Food.
- The Guardian: Majority Of US Companies Say They Have To Raise Prices Due To Trump Tariffs.v