Topics: Donald Trump, Politics, US News, Money
Many people on the internet are coming to the realization the impact Donald Trump's tariffs will have on items across the country.
President Trump returned to the White House some 44 days ago, and he marked that with an address to Congress on Tuesday (March 4).
During his speech, Trump revealed he received a letter from President Volodymyr Zelenskyy amid the feud that unfolded in the Oval Office last week.
So far, the Republican president has signed off on many executive orders - which have included halting the ban of TikTok, and declaring that there are 'only two genders' among others.
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Tariffs have also played a huge part in Trump's premiership so far, with countries such as Mexico, Canada and China feeling the brunt of it.
The tariffs have been introduced to tackle what the White House has described as an 'extraordinary threat posed by illegal aliens and drugs, including deadly fentanyl'.
Essentially, tariffs are taxes imposed on foreign goods, meaning many of these goods will cost more to sell in the US - which could ultimately be passed on to the consumer.
A recent Fox News report has detailed what these tariffs are doing in the real world, with a Dodge Ram truck instantly becoming $20,000 more expensive on live TV.
"This Dodge Ram truck was $80,000. It instantly just became $100,000 under Trump’s tariff tax hike," Twitter account FactPost, who shared the Fox News clip, wrote.
David Kelleher, owner of Pennsylvania-based car dealership David Auto Group, told Fox: "I sold an order for a customer - $80,000 truck. It's $100,000 now.
"He's not going to buy the tuck. It's going to sit on my lot - you know the highest interest rates we're paying for floorplan.
"Nobody’s gonna buy the truck because it just had a $20,000 price increase."
UNILAD has gone to Dodge for a comment.
The likes of Canada and China have imposed counter tariffs on the US following Trump's decision.
Following the order coming into play, China announced plans to impose taxes of 15 percent on coal and liquified natural gas from the US, as well as a 10 percent levy on crude oil, farming equipment, and some cars.
And on Tuesday (March 4), the country announced imports of US-grown chicken, wheat, corn and cotton will see an extra 15 percent tariff, while the likes of sorghum, soybeans, pork, beef, seafoods, fruit, vegetables, and dairy products are seeing a 10 percent increase, as per AP.
Meanwhile, Canada is imposing 25 percent tariffs on CA $155 billion of US goods.
