ATLANTA, Ga. (Atlanta News First) - You'll notice the effects of the new tariffs imposed by the Trump administration in your finances.
Apparel, gadgets, vehicles, and food items are slated to increase in cost.
Small family-owned grocery shops as well as large retail giants will experience pressure.
Michelle Brown went grocery shopping at Westview Corner Grocery in southwest Atlanta.
“I and my dad both have fixed incomes, and everything has increased—gasoline, groceries. This is worrisome and absurd,” she stated.
Brown states that the tariffs will compel her to implement modifications.
"She mentioned that it might be time to start determining which items are essential versus non-essential for our home. Perhaps — we should scale back," she stated.
Matt Garbett, who owns Westview Corner Grocery, mentions they are awaiting to see how everything develops.
He mentioned that he feels "confused. We still haven't figured out what the cost of bananas will be—or for that matter, the price of any item."
As new tariffs come into effect, companies like Ford are becoming more innovative.
The automaker has launched a new initiative providing staff discounts on every vehicle.
The new tariffs announced by President Trump on Wednesday encompass a 10% across-the-board tax on everything imported.
Trump says the tariffs are an effort to bring back more manufacturing jobs to the U.S.
Georgia State Senator Russ Goodman (R-Cogdell), a blueberry farmer, holds this belief as well.
Goodman stated, "There will certainly be some temporary discomfort, however, I believe it's crucial for us to revive many of these vital sectors within our nation."
Susan Aaronson serves as a Research Professor and leads the Digital Trade and Data Governance Hub at the Elliott School of International Affairs.
There are companies that have been eager to invest in the United States for a long time, but I'm concerned that this approach doesn’t encourage job creation within our country," stated Aaronson. "It might not be compelling unless the U.S. remains their sole marketplace. However, what we're witnessing is essentially the U.S. driving nations further away.