Tariff impact: Donald Trump’s new import duties could push US factory costs up to 4.5%, economists warn; flag risks to jobs, AI growth and margins

Donald Trump plans new import tariffs from August 1. A study says this may hurt US manufacturers. Costs could rise by 2% to 4.5%. This may lead to wage stagnation or layoffs. Trump says tariffs will boost US manufacturing. But companies face rising costs. Some plan to pass costs to consumers. Small businesses worry about expansion.