GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you could read more about oureditorial guidelinesand our products and servicesreview methodology.
20 YearsHelping You Live Richer
Reviewedby Experts
Trusted byMillions of Readers
President-elect Donald Trump really loves tariffs.
Many analysts and experts disagree.
They say that the real losers are American industries and, ultimately, American consumers.
Here are four industries thatwould be hard hit by the tariffs.
Housing and Construction
Owning a home is about as American Dreamy as you might get.
And if they seem expensive now, wait a few months, say experts.
Unfortunately, out in the real world, the story is a bit more complicated, said Schiffman.
U.S. car manufacturers make many of their vehicles abroad, including in Mexico.
Automobiles that are assembled in Mexico could become significantly more expensive, he said.
Consumers would pay that cost.
Mexicos President Claudia Sheinbaum has already indicated that she would retaliate in kind.
This would likely affect apples, potatoes, soybeans and wheat, according toAgriculture Dive.
These could also increase prices for consumers.
More From GOBankingRates
Share This Article:
