{"id":17301,"date":"2025-04-04T09:40:08","date_gmt":"2025-04-04T09:40:08","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/trump-officials-warn-of-tariff-pain-as-price-increases-loom-and-stocks-tumble\/"},"modified":"2025-04-04T09:40:08","modified_gmt":"2025-04-04T09:40:08","slug":"trump-officials-warn-of-tariff-pain-as-price-increases-loom-and-stocks-tumble","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/trump-officials-warn-of-tariff-pain-as-price-increases-loom-and-stocks-tumble\/","title":{"rendered":"Trump Officials Warn of Tariff Pain as Price Increases Loom and Stocks Tumble"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<\/p>\n<div data-testid=\"companionColumn-0\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">In the weeks leading up to his expansive global tariffs, President Trump and his top aides tried to prime the public for economic pain. They warned that while there would be fallout from their aggressive trade strategy, it would prove short-lived and benefit the economy in the long run.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Investors, businesses and others made clear on Thursday that the U.S. economy was not ready to accept that approach. Global markets tumbled, economists warned of a possible recession and consumers braced for price increases on cars, food, clothing and more.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The early tumult underscored the high stakes of Mr. Trump\u2019s agenda, which the president has framed as a painful medical procedure to rescue an economy he likened to a \u201csick patient.\u201d In the eyes of Mr. Trump, the United States is going to \u201cboom\u201d once his tariffs have had time to reset the nation\u2019s trade relationships, raise revenue and boost domestic production.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">But those tariffs are expected to send prices skyrocketing in the interim, an unwelcome development for Americans already struggling with years of elevated prices. Several economists have increased the odds of a recession in their forecasts as they projected a slowdown in consumer spending, business investment and economic growth.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-1\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">A <a class=\"css-yywogo\" href=\"https:\/\/budgetlab.yale.edu\/research\/where-we-stand-fiscal-economic-and-distributional-effects-all-us-tariffs-enacted-2025-through-april\" title=\"\" rel=\"noopener noreferrer\" target=\"_blank\">new analysis<\/a> from the Yale Budget Lab found that Mr. Trump\u2019s overall tariffs could cause price levels to rise 2.3 percent in the short term. That would translate into an average loss of $3,800 in purchasing power per household based on 2024 dollars.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cPrices are going to go up, period,\u201d said Martha Gimbel, executive director of the Yale Budget Lab, adding that companies were going to feel the immediate pinch. \u201cThese are really big tariffs. These are not things we can expect companies to just absorb.\u201d<\/p>\n<p class=\"css-at9mc1 evys1bk0\">In an interview on Thursday, Stephen Miran, who leads the president\u2019s Council of Economic Advisers, acknowledged that the economy could be \u201cbumpy\u201d for an unspecified period as the administration pursued its agenda, which includes tariffs, tax cuts and deregulation.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cIt shouldn\u2019t be surprising, given the historic scope and speed of the president\u2019s actions, that there are some reactions around financial markets, like what you\u2019re seeing,\u201d he said.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">But Mr. Miran maintained that the true cost of the president\u2019s trade policies would ultimately be borne by other countries, adding: \u201cI don\u2019t agree with the argument Americans are ultimately going to be paying for these tariffs.\u201d<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-2\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">The White House assurances offered a stark contrast with the view broadly adopted by economists, who believe Mr. Trump\u2019s tariffs threaten to exacerbate inflation, possibly undermining the recent work of the Federal Reserve to try to bring prices under control.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Alan Detmeister, a former Fed economist now at UBS, forecast that the Fed\u2019s preferred inflation gauge \u2014 which strips out volatile food and energy costs \u2014 could spike to around 4.5 percent by the end of the year before peaking close to 5 percent in early 2026 as growth slows. Inflation could still be stuck around 3 percent in 2027, he said. As of February, it stood at 2.8 percent.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Under Mr. Trump\u2019s plan, the United States is set to impose a 10 percent levy on imports, in addition to other tariffs on countries seen as engaging unfair trading practices. Set to take effect next week, the looming taxes on imports have set off a global frenzy, as U.S. allies try to figure out how or whether to respond, and whether there is any opening to haggle with an administration that has <a class=\"css-yywogo\" href=\"https:\/\/www.nbcnews.com\/politics\/donald-trump\/trump-tariffs-rollout-beset-confusion-uncertainty-mixed-messages-rcna199553\" title=\"\" rel=\"noopener noreferrer\" target=\"_blank\">put forth contradictory statements<\/a> on whether it might negotiate tariff levels.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The uncertainty has raised the odds that a protracted and deepening trade war could cause a global economic downturn. Mark Zandi, the chief economist at Moody\u2019s Analytics, outlined one doomsday scenario on Thursday. If Mr. Trump puts in place the full force of his tariffs, and other nations retaliate, a recession \u201cwill hit imminently and extend until next year,\u201d Mr. Zandi predicted in a research note. He added that growth could fall by about 2 percent and unemployment could reach as high as 7.5 percent in that scenario.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-3\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Other economists also said the blow to the labor market, which had cooled before Mr. Trump embarked on his global trade war, <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/04\/03\/business\/economy\/job-market-tariffs.html\" title=\"\">could be severe<\/a>. Across Wall Street, economists have started to raise their forecasts for unemployment sharply, with some projecting a nearly percentage-point jump to 5 percent this year.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-4\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">That could make it more difficult for workers to seek higher wages and keep pace with cost-of-living increases, further denting their spending power and sowing the seeds for a much more significant downturn, warned Omair Sharif, founder of the research firm Inflation Insights.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">He said an uptick in unemployment could also reduce consumption, cutting even further into corporate profits and forcing yet more retrenchment. \u201cIf that ends up becoming a big problem, then very likely 2026 is a much more disinflationary environment but not in a positive way,\u201d Mr. Sharif said.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Gregory Daco, the chief economist at EY-Parthenon, said that more immediately, the tariffs could increase businesses\u2019 costs and that the impact would not be limited to imported products and parts. Even U.S. producers \u201cwill also increase their prices,\u201d Mr. Daco predicted, \u201cand, in a sense, free-ride this increased pricing environment.\u201d<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cThe shock for domestically produced goods is likely to be quite significant,\u201d he said.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">In recent days, clothing and apparel makers have signaled that price increases may be on the horizon: Julie K. Hughes, the president of the U.S. Fashion Industry Association, a lobbying group, said that \u201cobviously the prices are going to go up,\u201d since apparel sold in the United States is manufactured in China, Vietnam and other countries facing high tariffs.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-5\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Restaurants <a class=\"css-yywogo\" href=\"https:\/\/restaurant.org\/research-and-media\/media\/press-releases\/national-restaurant-association-statement-on-trump-reciprocal-tariff-announcement\/\" title=\"\" rel=\"noopener noreferrer\" target=\"_blank\">have predicted<\/a> that tariffs could force them to \u201chike food and packaging costs,\u201d and grocers and wholesalers have <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/04\/03\/dining\/grocery-shoppers-will-feel-the-tariffs-first-in-the-produce-aisle.html\" title=\"\">raised concern<\/a> about \u201cdisruptions\u201d to produce prices worldwide.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">And toy manufacturers see \u201cno possible way\u201d that prices \u201care not going to go up for consumers,\u201d according to Greg Ahearn, the president of the Toy Association, a lobbying group whose board of directors includes executives from Hasbro and Lego. He said 77 percent of toys sold in the United States were imported from China, which faces heavy tariffs.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Automakers, including <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/04\/03\/business\/volkswagen-auto-tariffs-trump.html?smid=url-share\" title=\"\">Volkswagen<\/a>, already have raised alarm about rising vehicle costs, as one of the specific industries that Mr. Trump has targeted for tariffs separate from the across-the-board import taxes he announced this week. A range of companies, from the budget retailer <a class=\"css-yywogo\" href=\"https:\/\/www.cnbc.com\/2025\/03\/26\/dollar-tree-family-dollar-sale-earnings-tariffs.html\" title=\"\" rel=\"noopener noreferrer\" target=\"_blank\">Dollar Tree<\/a> to the jewelry company <a class=\"css-yywogo\" href=\"https:\/\/pandoragroup.com\/investor\/news-and-reports\/press-releases\/newsdetail?id=27226\" title=\"\" rel=\"noopener noreferrer\" target=\"_blank\">Pandora<\/a>, recently have signaled to investors the<span class=\"css-8l6xbc evw5hdy0\">  <\/span>potential for price increases resulting from the president\u2019s recent tariffs.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">In response, the president, his cabinet and top advisers tried to tamp down the tumult that sent stocks plummeting Thursday, one of the worst days of trading <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/live\/2025\/04\/03\/business\/trump-tariffs\" title=\"\">since the height of the pandemic<\/a> in 2020. Speaking to reporters before boarding Air Force One, Mr. Trump predicted that \u201cthe country is going to boom\u201d because of his trade policies.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Appearing earlier in the day on \u201cFox and Friends,\u201d Vice President JD Vance made a plea for patience, saying: \u201cWhat I\u2019d ask folks to appreciate here is we are not going to fix things overnight.\u201d<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-6\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">For weeks, the Trump administration has emphasized a longer-term goal: attracting some of the largest global companies to produce more of their products in the United States. The president has said his strategy could also help offset the cost of the rest of his agenda, particularly a legislative package to extend and expand tax cuts enacted during his first term.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Mr. Trump has portrayed that measure at times as an antidote to any economic pain felt by his tariffs, arguing it would spare millions of Americans from seeing a tax increase if current law expired. The president has also called on Congress to adopt new tax benefits, including a deduction for interest paid on loans to buy U.S.-made vehicles.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cIt will take some time for all the positive things to filter into the economy,\u201d Mr. Miran said.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.nytimes.com\/2025\/04\/04\/us\/politics\/trump-tariffs-us-economy-prices.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the weeks leading up to his expansive global tariffs, President Trump and his top aides tried to prime the<\/p>\n","protected":false},"author":1,"featured_media":17302,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[239,114,135,134,113,1332,111],"class_list":["post-17301","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us","tag-customs-tariff","tag-donald-j","tag-fees-and-rates","tag-prices-fares","tag-trump","tag-united-states-economy","tag-united-states-politics-and-government"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trump Officials Warn of Tariff Pain as Price Increases Loom and Stocks Tumble - World News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/site.itshrt.com\/worldnews\/trump-officials-warn-of-tariff-pain-as-price-increases-loom-and-stocks-tumble\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump Officials Warn of Tariff Pain as Price Increases Loom and Stocks Tumble - World News\" \/>\n<meta property=\"og:description\" content=\"In the weeks leading up to his expansive global tariffs, President Trump and his top aides tried to prime the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/site.itshrt.com\/worldnews\/trump-officials-warn-of-tariff-pain-as-price-increases-loom-and-stocks-tumble\/\" \/>\n<meta property=\"og:site_name\" content=\"World News\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-04T09:40:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static01.nyt.com\/images\/2025\/04\/04\/multimedia\/04dc-trump-econ-cmjk\/04dc-trump-econ-cmjk-facebookJumbo.jpg\" \/>\n<meta name=\"author\" content=\"News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/static01.nyt.com\/images\/2025\/04\/04\/multimedia\/04dc-trump-econ-cmjk\/04dc-trump-econ-cmjk-facebookJumbo.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/trump-officials-warn-of-tariff-pain-as-price-increases-loom-and-stocks-tumble\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/trump-officials-warn-of-tariff-pain-as-price-increases-loom-and-stocks-tumble\/\"},\"author\":{\"name\":\"News\",\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/#\/schema\/person\/1d8ae7348e048cb7984f26b4dd818ff2\"},\"headline\":\"Trump Officials Warn of Tariff Pain as Price Increases Loom and Stocks Tumble\",\"datePublished\":\"2025-04-04T09:40:08+00:00\",\"dateModified\":\"2025-04-04T09:40:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/trump-officials-warn-of-tariff-pain-as-price-increases-loom-and-stocks-tumble\/\"},\"wordCount\":1337,\"publisher\":{\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/#organization\"},\"image\":{\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/trump-officials-warn-of-tariff-pain-as-price-increases-loom-and-stocks-tumble\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/04\/04\/multimedia\/04dc-trump-econ-cmjk\/04dc-trump-econ-cmjk-facebookJumbo.jpg?w=1050&resize=1050,550&ssl=1\",\"keywords\":[\"Customs (Tariff)\",\"Donald J\",\"Fees and Rates)\",\"Prices (Fares\",\"Trump\",\"United States Economy\",\"United States Politics and Government\"],\"articleSection\":[\"U.S.\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/trump-officials-warn-of-tariff-pain-as-price-increases-loom-and-stocks-tumble\/\",\"url\":\"https:\/\/site.itshrt.com\/worldnews\/trump-officials-warn-of-tariff-pain-as-price-increases-loom-and-stocks-tumble\/\",\"name\":\"Trump Officials Warn of Tariff Pain as Price Increases Loom and Stocks Tumble - World News\",\"isPartOf\":{\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/trump-officials-warn-of-tariff-pain-as-price-increases-loom-and-stocks-tumble\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/trump-officials-warn-of-tariff-pain-as-price-increases-loom-and-stocks-tumble\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/04\/04\/multimedia\/04dc-trump-econ-cmjk\/04dc-trump-econ-cmjk-facebookJumbo.jpg?w=1050&resize=1050,550&ssl=1\",\"datePublished\":\"2025-04-04T09:40:08+00:00\",\"dateModified\":\"2025-04-04T09:40:08+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/trump-officials-warn-of-tariff-pain-as-price-increases-loom-and-stocks-tumble\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/site.itshrt.com\/worldnews\/trump-officials-warn-of-tariff-pain-as-price-increases-loom-and-stocks-tumble\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/trump-officials-warn-of-tariff-pain-as-price-increases-loom-and-stocks-tumble\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/04\/04\/multimedia\/04dc-trump-econ-cmjk\/04dc-trump-econ-cmjk-facebookJumbo.jpg?w=1050&resize=1050,550&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/04\/04\/multimedia\/04dc-trump-econ-cmjk\/04dc-trump-econ-cmjk-facebookJumbo.jpg?w=1050&resize=1050,550&ssl=1\",\"width\":1050,\"height\":550},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/trump-officials-warn-of-tariff-pain-as-price-increases-loom-and-stocks-tumble\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/site.itshrt.com\/worldnews\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Trump Officials Warn of Tariff Pain as Price Increases Loom and Stocks Tumble\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/#website\",\"url\":\"https:\/\/site.itshrt.com\/worldnews\/\",\"name\":\"World News\",\"description\":\"World News\",\"publisher\":{\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/site.itshrt.com\/worldnews\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/#organization\",\"name\":\"World News\",\"url\":\"https:\/\/site.itshrt.com\/worldnews\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/site.itshrt.com\/worldnews\/wp-content\/uploads\/sites\/13\/2025\/01\/cropped-download.png\",\"contentUrl\":\"https:\/\/site.itshrt.com\/worldnews\/wp-content\/uploads\/sites\/13\/2025\/01\/cropped-download.png\",\"width\":581,\"height\":581,\"caption\":\"World News\"},\"image\":{\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/site.itshrt.com\/worldnews\/#\/schema\/person\/1d8ae7348e048cb7984f26b4dd818ff2\",\"name\":\"News\",\"url\":\"https:\/\/site.itshrt.com\/worldnews\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Trump Officials Warn of Tariff Pain as Price Increases Loom and Stocks Tumble - World News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/site.itshrt.com\/worldnews\/trump-officials-warn-of-tariff-pain-as-price-increases-loom-and-stocks-tumble\/","og_locale":"en_US","og_type":"article","og_title":"Trump Officials Warn of Tariff Pain as Price Increases Loom and Stocks Tumble - World News","og_description":"In the weeks leading up to his expansive global tariffs, President Trump and his top aides tried to prime the","og_url":"https:\/\/site.itshrt.com\/worldnews\/trump-officials-warn-of-tariff-pain-as-price-increases-loom-and-stocks-tumble\/","og_site_name":"World News","article_published_time":"2025-04-04T09:40:08+00:00","og_image":[{"url":"https:\/\/static01.nyt.com\/images\/2025\/04\/04\/multimedia\/04dc-trump-econ-cmjk\/04dc-trump-econ-cmjk-facebookJumbo.jpg","type":"","width":"","height":""}],"author":"News","twitter_card":"summary_large_image","twitter_image":"https:\/\/static01.nyt.com\/images\/2025\/04\/04\/multimedia\/04dc-trump-econ-cmjk\/04dc-trump-econ-cmjk-facebookJumbo.jpg","twitter_misc":{"Written by":"News","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/site.itshrt.com\/worldnews\/trump-officials-warn-of-tariff-pain-as-price-increases-loom-and-stocks-tumble\/#article","isPartOf":{"@id":"https:\/\/site.itshrt.com\/worldnews\/trump-officials-warn-of-tariff-pain-as-price-increases-loom-and-stocks-tumble\/"},"author":{"name":"News","@id":"https:\/\/site.itshrt.com\/worldnews\/#\/schema\/person\/1d8ae7348e048cb7984f26b4dd818ff2"},"headline":"Trump Officials Warn of Tariff Pain as Price Increases Loom and Stocks Tumble","datePublished":"2025-04-04T09:40:08+00:00","dateModified":"2025-04-04T09:40:08+00:00","mainEntityOfPage":{"@id":"https:\/\/site.itshrt.com\/worldnews\/trump-officials-warn-of-tariff-pain-as-price-increases-loom-and-stocks-tumble\/"},"wordCount":1337,"publisher":{"@id":"https:\/\/site.itshrt.com\/worldnews\/#organization"},"image":{"@id":"https:\/\/site.itshrt.com\/worldnews\/trump-officials-warn-of-tariff-pain-as-price-increases-loom-and-stocks-tumble\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/04\/04\/multimedia\/04dc-trump-econ-cmjk\/04dc-trump-econ-cmjk-facebookJumbo.jpg?w=1050&resize=1050,550&ssl=1","keywords":["Customs (Tariff)","Donald J","Fees and Rates)","Prices (Fares","Trump","United States Economy","United States Politics and Government"],"articleSection":["U.S."],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/site.itshrt.com\/worldnews\/trump-officials-warn-of-tariff-pain-as-price-increases-loom-and-stocks-tumble\/","url":"https:\/\/site.itshrt.com\/worldnews\/trump-officials-warn-of-tariff-pain-as-price-increases-loom-and-stocks-tumble\/","name":"Trump Officials Warn of Tariff Pain as Price Increases Loom and Stocks Tumble - World News","isPartOf":{"@id":"https:\/\/site.itshrt.com\/worldnews\/#website"},"primaryImageOfPage":{"@id":"https:\/\/site.itshrt.com\/worldnews\/trump-officials-warn-of-tariff-pain-as-price-increases-loom-and-stocks-tumble\/#primaryimage"},"image":{"@id":"https:\/\/site.itshrt.com\/worldnews\/trump-officials-warn-of-tariff-pain-as-price-increases-loom-and-stocks-tumble\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/04\/04\/multimedia\/04dc-trump-econ-cmjk\/04dc-trump-econ-cmjk-facebookJumbo.jpg?w=1050&resize=1050,550&ssl=1","datePublished":"2025-04-04T09:40:08+00:00","dateModified":"2025-04-04T09:40:08+00:00","breadcrumb":{"@id":"https:\/\/site.itshrt.com\/worldnews\/trump-officials-warn-of-tariff-pain-as-price-increases-loom-and-stocks-tumble\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/site.itshrt.com\/worldnews\/trump-officials-warn-of-tariff-pain-as-price-increases-loom-and-stocks-tumble\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/site.itshrt.com\/worldnews\/trump-officials-warn-of-tariff-pain-as-price-increases-loom-and-stocks-tumble\/#primaryimage","url":"https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/04\/04\/multimedia\/04dc-trump-econ-cmjk\/04dc-trump-econ-cmjk-facebookJumbo.jpg?w=1050&resize=1050,550&ssl=1","contentUrl":"https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/04\/04\/multimedia\/04dc-trump-econ-cmjk\/04dc-trump-econ-cmjk-facebookJumbo.jpg?w=1050&resize=1050,550&ssl=1","width":1050,"height":550},{"@type":"BreadcrumbList","@id":"https:\/\/site.itshrt.com\/worldnews\/trump-officials-warn-of-tariff-pain-as-price-increases-loom-and-stocks-tumble\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/site.itshrt.com\/worldnews\/"},{"@type":"ListItem","position":2,"name":"Trump Officials Warn of Tariff Pain as Price Increases Loom and Stocks Tumble"}]},{"@type":"WebSite","@id":"https:\/\/site.itshrt.com\/worldnews\/#website","url":"https:\/\/site.itshrt.com\/worldnews\/","name":"World News","description":"World News","publisher":{"@id":"https:\/\/site.itshrt.com\/worldnews\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/site.itshrt.com\/worldnews\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/site.itshrt.com\/worldnews\/#organization","name":"World News","url":"https:\/\/site.itshrt.com\/worldnews\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/site.itshrt.com\/worldnews\/#\/schema\/logo\/image\/","url":"https:\/\/site.itshrt.com\/worldnews\/wp-content\/uploads\/sites\/13\/2025\/01\/cropped-download.png","contentUrl":"https:\/\/site.itshrt.com\/worldnews\/wp-content\/uploads\/sites\/13\/2025\/01\/cropped-download.png","width":581,"height":581,"caption":"World News"},"image":{"@id":"https:\/\/site.itshrt.com\/worldnews\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/site.itshrt.com\/worldnews\/#\/schema\/person\/1d8ae7348e048cb7984f26b4dd818ff2","name":"News","url":"https:\/\/site.itshrt.com\/worldnews\/author\/admin\/"}]}},"magazineBlocksPostFeaturedMedia":{"thumbnail":"https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/04\/04\/multimedia\/04dc-trump-econ-cmjk\/04dc-trump-econ-cmjk-facebookJumbo.jpg?w=150&resize=150,150&ssl=1","medium":"https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/04\/04\/multimedia\/04dc-trump-econ-cmjk\/04dc-trump-econ-cmjk-facebookJumbo.jpg?w=300&resize=300,300&ssl=1","medium_large":"https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/04\/04\/multimedia\/04dc-trump-econ-cmjk\/04dc-trump-econ-cmjk-facebookJumbo.jpg?w=768&resize=768,0&ssl=1","large":"https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/04\/04\/multimedia\/04dc-trump-econ-cmjk\/04dc-trump-econ-cmjk-facebookJumbo.jpg?w=1024&resize=1024,1024&ssl=1","1536x1536":"https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/04\/04\/multimedia\/04dc-trump-econ-cmjk\/04dc-trump-econ-cmjk-facebookJumbo.jpg?w=1536&resize=1536,1536&ssl=1","2048x2048":"https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/04\/04\/multimedia\/04dc-trump-econ-cmjk\/04dc-trump-econ-cmjk-facebookJumbo.jpg?w=2048&resize=2048,2048&ssl=1","colormag-highlighted-post":"https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/04\/04\/multimedia\/04dc-trump-econ-cmjk\/04dc-trump-econ-cmjk-facebookJumbo.jpg?w=392&resize=392,272&ssl=1","colormag-featured-post-medium":"https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/04\/04\/multimedia\/04dc-trump-econ-cmjk\/04dc-trump-econ-cmjk-facebookJumbo.jpg?w=390&resize=390,205&ssl=1","colormag-featured-post-small":"https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/04\/04\/multimedia\/04dc-trump-econ-cmjk\/04dc-trump-econ-cmjk-facebookJumbo.jpg?w=130&resize=130,90&ssl=1","colormag-featured-image":"https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/04\/04\/multimedia\/04dc-trump-econ-cmjk\/04dc-trump-econ-cmjk-facebookJumbo.jpg?w=800&resize=800,445&ssl=1","colormag-default-news":"https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/04\/04\/multimedia\/04dc-trump-econ-cmjk\/04dc-trump-econ-cmjk-facebookJumbo.jpg?w=150&resize=150,150&ssl=1","colormag-featured-image-large":"https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/04\/04\/multimedia\/04dc-trump-econ-cmjk\/04dc-trump-econ-cmjk-facebookJumbo.jpg?w=1400&resize=1400,600&ssl=1","colormag-elementor-block-extra-large-thumbnail":"https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/04\/04\/multimedia\/04dc-trump-econ-cmjk\/04dc-trump-econ-cmjk-facebookJumbo.jpg?w=1155&resize=1155,480&ssl=1","colormag-elementor-grid-large-thumbnail":"https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/04\/04\/multimedia\/04dc-trump-econ-cmjk\/04dc-trump-econ-cmjk-facebookJumbo.jpg?w=600&resize=600,417&ssl=1","colormag-elementor-grid-small-thumbnail":"https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/04\/04\/multimedia\/04dc-trump-econ-cmjk\/04dc-trump-econ-cmjk-facebookJumbo.jpg?w=285&resize=285,450&ssl=1","colormag-elementor-grid-medium-large-thumbnail":"https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/04\/04\/multimedia\/04dc-trump-econ-cmjk\/04dc-trump-econ-cmjk-facebookJumbo.jpg?w=575&resize=575,198&ssl=1"},"magazineBlocksPostAuthor":{"name":"News","avatar":"https:\/\/secure.gravatar.com\/avatar\/e85cf08852547781a5f631f3713dbb5197ed4b54e32ae19c7d5769b8c8504897?s=96&d=mm&r=g"},"magazineBlocksPostCommentsNumber":false,"magazineBlocksPostExcerpt":"In the weeks leading up to his expansive global tariffs, President Trump and his top aides tried to prime the","magazineBlocksPostCategories":["U.S."],"magazineBlocksPostViewCount":25,"magazineBlocksPostReadTime":7,"magazine_blocks_featured_image_url":{"full":["https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/04\/04\/multimedia\/04dc-trump-econ-cmjk\/04dc-trump-econ-cmjk-facebookJumbo.jpg?w=1050&resize=1050,550&ssl=1",1050,550,false],"medium":["https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/04\/04\/multimedia\/04dc-trump-econ-cmjk\/04dc-trump-econ-cmjk-facebookJumbo.jpg?w=300&resize=300,300&ssl=1",300,300,false],"thumbnail":["https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/04\/04\/multimedia\/04dc-trump-econ-cmjk\/04dc-trump-econ-cmjk-facebookJumbo.jpg?w=150&resize=150,150&ssl=1",150,150,false]},"magazine_blocks_author":{"display_name":"News","author_link":"https:\/\/site.itshrt.com\/worldnews\/author\/admin\/"},"magazine_blocks_comment":0,"magazine_blocks_author_image":"https:\/\/secure.gravatar.com\/avatar\/e85cf08852547781a5f631f3713dbb5197ed4b54e32ae19c7d5769b8c8504897?s=96&d=mm&r=g","magazine_blocks_category":"<a href=\"#\" class=\"category-link category-link-33\">U.S.<\/a>","_links":{"self":[{"href":"https:\/\/site.itshrt.com\/worldnews\/wp-json\/wp\/v2\/posts\/17301","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/site.itshrt.com\/worldnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/site.itshrt.com\/worldnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/site.itshrt.com\/worldnews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/site.itshrt.com\/worldnews\/wp-json\/wp\/v2\/comments?post=17301"}],"version-history":[{"count":0,"href":"https:\/\/site.itshrt.com\/worldnews\/wp-json\/wp\/v2\/posts\/17301\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/site.itshrt.com\/worldnews\/wp-json\/wp\/v2\/media\/17302"}],"wp:attachment":[{"href":"https:\/\/site.itshrt.com\/worldnews\/wp-json\/wp\/v2\/media?parent=17301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/site.itshrt.com\/worldnews\/wp-json\/wp\/v2\/categories?post=17301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/site.itshrt.com\/worldnews\/wp-json\/wp\/v2\/tags?post=17301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}