Trump’s tariffs: Consumers will see higher prices for everything – National Foreign Trade Council

National Foreign Trade Council President, Jake Colvin, has warned that consumers “should expect to see higher prices for everything from groceries to home renovations to auto insurance as construction and repair costs rise.”

Colvin said this in a statement on Wednesday following Donald Trump’s announcement on reciprocal tariffs.

“While the price of imported goods will undoubtedly rise, the president’s tariffs will also tack on added costs to American…