From Groceries to Meds: Tariffs Turn Up the Heat on US Households 💸
Remember when eggs were just breakfast food? Now, they’re a symbol of America’s tariff-driven inflation crisis. Prices for a dozen recently hit a record $6.23—more than some Netflix subscriptions! 🥚💊 According to Newsweek, Trump-era tariffs are backfiring big time, with everyday folks footing the bill.
📈 Inflation’s Wild Ride: What’s Driving the Surge?
New York Fed data reveals consumer inflation expectations jumped to 3.6% in April—the sharpest spike in two years. Meanwhile, the University of Michigan’s Consumer Sentiment Index tanked to 50.8, its lowest since mid-2022. Think of it as America’s collective 😬 emoji moment.
💊 Prescription Pain: Drug Prices Spiral
A Pharma report warns tariffs could hike US drug costs by $51B annually—translating to a potential 12.9% price surge for meds. That’s like paying for an extra iPhone each year just to stay healthy. 📱💸
Experts say these policies, meant to protect US interests, are now squeezing wallets harder than avocado toast trends. As trade tensions simmer, one thing’s clear: the economic bill is coming due—and Gen Z might be stuck paying it. 🧾🔥
