LIFE BECOMES INCREASINGLY EXPENSIVE UNDER TRUMP
By: Derek Varsalona
Under President Trump, the trade war is set to escalate costs even further. Car dealers now estimate the average price of a vehicle to be $31,200, primarily attributed to this trade conflict.
President Trump initiated this trade war unnecessarily. However, we must strive to win it. A more diplomatic approach could have served better in negotiating tariffs. Trump, however, seems to bypass negotiations, as countries appear to yield to his demands.
Negotiation would have been more effective. While President Trump brands himself as a dealmaker, this situation presents a prime opportunity for him to declare a truce in the trade war he sparked. The ongoing conflict has led to an average car price of $31,250, a heavy burden for the shrinking Middle Class, which has been declining over time due to previous administrations, not solely the Trump administration.
Yes, inflation is currently decreasing. Yet, I worry that this trade war will trigger inflation to reach its previous high levels, a direct consequence of Trump's policies. As always, I welcome your comments.
Cost of Trump Tariffs
Image: ABC7.com
Eyewitness news
Soo Rin Kim
Source: Megan Cerullio. "Automakers Say Trump's Tariffs on Canada and Mexico Will Cause Car Prices to Rise." CBSNews.com Detroit: Friday, February 7, 2025. https://www.cbsnews.com/news/trump-tariffs-canada-mexico-car-prices-automakers-ford/
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