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It's been over three months since President Trump announced very big across-the-board tariffs on imports from nearly every territory on Earth-including uninhabited islands. It's a move he said would revitalize the U.S. economy.
Since that splashy White House announcement, the tariff rates have been a wildly moving target. Ratcheted up - then back down - on China, specifically.
Overlaid with global product-specific tariffs on categories like automobiles and copper. Partially paused after the stock market tanked.
Through it all, the tariff rate has remained at or well-above 10 percent on nearly every good imported to the U.S.
And if you've listened to NPR's reporting since April, you'll have heard many voices make one particular prediction over and over again - that American consumers will pay the price.
If American consumers are going to pay for the tariffs, the question is: when ?
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Email us at considerthis@npr.org.
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Trading desks across Wall Street have benefited as President Donald Trump's tariff policies have roiled markets for bonds, currencies, commodities and stocks.
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S&P 500 is little changed in volatile session as Trump denies he is firing Powell: Live updates CNBCTrump Has Penned Letter To Fire Fed Chair Jerome Powell The New York TimesStock Market Today: Dow, Nasdaq Drop on Report Fed Chat Powell Will Be Fired — Live Updates The Wall Street JournalTrump asks House Republicans if he should fire Fed Chair Jerome Powell
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JPMorgan Chase's stock rises after another earnings beat, but CEO Dimon sees "significant risks" for the financial markets.
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