California consumers are facing rising prices on various everyday items following the implementation of tariffs by President Trump's administration. These include a 25% tariff on imports from Canada and Mexico, and a 10% added tariff on Chinese imports. The objective behind these tariffs is not only to tackle illegal immigration and drug problems but also to exert pressure on foreign businesses. Import taxes are passed down to consumers, leading to higher retail prices that could encompass numerous goods, significantly impacting the average taxpayer.
"It'll be the average everyday taxpayer, who will, in fact, end up paying for these tariffs," Caroline Chen, an associate professor in San Jose State University's department of accounting and finance, told SFGATE.
"Using tariffs is trying to hurt the other countries exporting businesses," she said.
"The example I'm giving you is a very simple example, but imagine this multiplied by millions and millions of dollars," she said.
The current slew of tariffs, which Trump campaigned on, are aimed at punishing the three countries for failing to curb illegal immigration and the flow of "poisonous fentanyl and other drugs" into the U.S., according to the White House.
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