When President Donald Trump left office in 2020, the inflation rate was around 1.4%. While there's no denying the pandemic years caused prices to surge. Supply chain disruptions and the post-pandemic recovery fed inflation, surging it to around 7% the following year.

While inflation rates have begun to fall again, there's no denying one basic fact: consumer prices rise, but wages rarely keep pace, and prices never fully return to pre-inflation rates.

READ: The Reason Why Egg Prices Could Skyrocket in Arizona

10 Things Will Cost More Trade War
The cost of the tariffs with China could affect a wide range of consumer goods in Arizona. | Canva
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Take eggs, for example. Before the pandemic, a dozen eggs cost under $2 in Arizona. Now, they're pricing at around $7 or more - if you can even find them. With global supply chain issues, avian flu, and other problems contributing to the steep jump, a new threat could cause consumer prices to climb even more.

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Balancing the Trade Scales

There's been a lot of economic blustering in the last few weeks, and Arizona families are beginning to feel the pinch. Now, President Donald Trump is in a staring contest with China, threatening to impose a 10% tariff on imports.

READ: It's Illegal in AZ to Toss These 20 Common Items in the Garbage

He's also squared off with Canada and Mexico recently, but it looks like Mr. Trump controls the board, at least with his opening gambits.

Will his chess maneuver with China follow suit, or will they have the upper hand? Trump's strategy behind these tariffs is to address issues like illegal immigration and the flow of drugs into the U.S. He's also trying to balance the trade deficits between China and the US and working to protect and rekindle American industries - and U.S. jobs.

The Cost of Chinese Tariffs in Arizona

What could all of this mean for families in Arizona? If, unlike Canada and Mexico, China doesn't strike a deal, consumer prices will likely increase. Experts estimate that these tariffs could add more than $800 to the annual costs for each U.S. household.


Sources: Trump Tariffs: How Will U.S. Consumers be Hit by China Restrictions? - Newsweek | Analysis: Is China prepared to turn Trump’s tariffs into a trade war? | CNN

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