Americans are racing to prep for tariffs, but many aren’t ready —
The annual price tag on more tariffs could be over $1,200, by one estimate
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The sweeping tariffs that President Donald Trump has been talking about since he was on the campaign trail are finally here, and they’re arriving at a tough time for many Americans.
That’s according to surveys, earnings reports, rising credit-card bills and decreasing savings-rate data, which point to many wary consumers who aren’t ready for more price hikes as a trade war erupts.
Read More: Americans are racing to prep for tariffs, but many aren’t ready —