Cars are prepared for distribution at a Ford factory in Dagenham, England.
Cars are prepared for distribution at a Ford factory in Dagenham, England. - 
Listen To The Story
Marketplace

Last year, the Trump administration imposed new tariffs on roughly $280 billion worth of U.S. imports — everything from solar panels and washing machines, steel and aluminum, and about half of what we import from China. In response, Ford, Coca-Cola, Walmart and other large companies have warned about the impact of tariffs on their bottom lines. But what effect are these tariffs having on U.S. consumers and households? The consumer price index, which tracks price changes across a wide selection of goods and services, is 0.3 percent higher now than it would have been without the tariffs, according to recently released analysis from the Federal Reserve Bank of New York. Researchers at Princeton University and the London School of Economics estimate the tariffs are costing the average U.S. household an additional $112 per year.

Click the audio player above to hear the full story.

“I think the best compliment I can give is not to say how much your programs have taught me (a ton), but how much Marketplace has motivated me to go out and teach myself.” – Michael in Arlington, VA

As a nonprofit news organization, what matters to us is the same thing that matters to you: being a source for trustworthy, independent news that makes people smarter about business and the economy. So if Marketplace has helped you understand the economy better, make more informed financial decisions or just encouraged you to think differently, we’re asking you to give a little something back.

Become a Marketplace Investor today – in whatever amount is right for you – and keep public service journalism strong. We’re grateful for your support.

Follow Tracey Samuelson at @tdsamuelson