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’re able to read more about oureditorial guidelinesand our products and servicesreview methodology.
At the Democratic National Convention, Harris said his policy would cost U.S. consumers a hefty price tag.
Trump has been forthcoming about increasing tariffs, which he has said will help save American jobs and factories.
However, it could backfire for consumers.
Meanwhile, other organizations calculate the cost lower.
At the recent presidential debate, Trump noted hes not calling for a sales tax, but tariffs.
U.S. exports may also suffer if foreign countries retaliate by imposing their own tariffs.
A tariff increase can also impact jobs.
More From GOBankingRates
Share This Article:
The Latest inTaxes
