- President Donald Trump's tariffs are starting to hit average American consumers.
- The latest example: a cost increase for aluminum dog tags in Dane County, Wisconsin.
- The county had to pay $2,200 for dog tags this year, up 46% from last year.
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Trump's tariffs are starting to hit US consumers where it hurts
President Donald Trump's tariffs are starting to push up prices for US consumers. The latest example: a cost increase for aluminum dog tags in Dane County, Wisconsin.
Small businesses around the US are beginning to sound the alarm on the costs of President Donald Trump's trade fights.
The latest to feel a squeeze: the dog-owning population of one county in Wisconsin.
According to WISC in Madison, Wisconsin, the price of aluminum dog tags Dane County, Wisconsin, issued to pet owners after animal registration jumped 46% from last year, to $2,200 from $1,500, due to Trump's tariffs on imported aluminum.
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Trump's tariffs are also causing price increases for more than just dog tags in Wisconsin. Major corporations have warned that the tariffs will force consumers to pay higher prices at the register soon.
Coca-Cola, Miller-Coors, and Sam Adams all warned that the tariffs will push up the cost of their beverages. Newell Brands, the maker of home goods like the Crock-Pot, said the tariffs could cost the company $100 million annually. M
Broad economic data has also reflected the increase in prices. The latest consumer price index showed prices for major appliances up 2% in July from the month before and 8.5% from July 2017. That compares to just a 2.9% year-over-year increase for the broader index.
Tiffany Wilding, a US economists at Pimco, said the increase may have a lot to do with Trump's trade crackdown.
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