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Stockreport

Where Trump's Tariffs Could Hurt Americans' Wallets [Barron's]

Apple Inc. (AAPL)  More Company Research Source: Barrons
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
The tariffs -- which are paid in the first instance by US importers -- will likely push up the price of many household items in the United States and reduce consumers' spending power. The US imports a growing share of the fresh fruits and vegetables consumed each year, according to the US Department of Agriculture (USDA). Many of the fresh goods come from Canada and Mexico, two countries not immediately affected by the tariffs announced Wednesday. But other goods will be hit by the stinging duties set to come into effect this month. For example, the United States imports large quantities of bananas from the Latin American countries of Guatemala, Ecuador and Costa Rica, which will all face a 10 percent tariff from April 5. Coffee -- around 80 percent of which is imported, according to the USDA -- is likely to see a price increase, given that top exporters Brazil and Colombia will also face the new baseline 10 percent rate. Olive oil and alcohol imports from Italy, Spain an [Read more]
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