(Texas) - When you go shopping in Texas, whether it’s for clothes, electronics, or even groceries, you might notice prices going up. We have all the details.

Photo by Austin Hervias on Unsplash
Photo by Austin Hervias on Unsplash
loading...

One reason this can happen is because of something called tariffs.

92.9 The Lake logo
Get our free mobile app

What Are Tariffs?

Tariffs are taxes that the government puts on products that come from other countries. For example, if the United States buys steel from China, the government might charge a tariff, or tax, on that steel when it enters the country. This makes the product more expensive for American companies to buy.

How Do Tariffs Affect Texas?

Texas is a big state with a lot of business and trade. Many products sold in Texas stores are made in other countries, or they use parts that come from outside the U.S. When tariffs are added to these products, the companies that sell them often raise their prices to cover the extra cost. That means people in Texas end up paying more at the store.

For example:

  • If tariffs are put on food items from Mexico, fruits and vegetables might cost more at Texas grocery stores.

  • If there are tariffs on parts used in making cars or computers, the final price of those products can go up too.

Photo by yasin hemmati on Unsplash
Photo by yasin hemmati on Unsplash
loading...

Why Does The U.S. Use Tariffs?

The U.S. government sometimes uses tariffs to protect American businesses. By making imported goods more expensive, the idea is that people will buy more products made in the U.S. But there’s a downside, tariffs can also lead to higher prices for everyone, including people in Texas.

What Can Happen Next?

If other countries don’t like the tariffs, they might respond by adding tariffs to American products. That could hurt Texas companies that sell goods to other countries. So, while tariffs are meant to help, they can also make things more costly and complicated.

Photo by Ian Taylor on Unsplash
Photo by Ian Taylor on Unsplash
loading...

So, if you see prices going up around the Lone Star State, tariffs might be one of the reasons why.

Experts Say These Things Will Be More Expensive With Trump Tariffs

Financial experts say that the proposed tariff plans from Donald Trump would cost the average American an extra $7,600 a year.

8 Texas Cities With The Highest STD Rates In America

More From 92.9 The Lake