Trump's tariffs could squeeze US factories and boost costs by up to 4.5%, a new analysis finds

As President Donald Trump prepares to announce new tariff increases, the costs of his policies are starting to come into focus for a domestic manufacturing sector that depends on global supply chains, with a new analysis suggesting factory costs could increase by roughly 2% to 4.5%. “There’s going to be a cash squeeze for a lot of these firms,” said Chris Bangert-Drowns, the researcher at the Washington Center for Equitable Growth who conducted the analysis. The success of Trump's policies ultimately depends on whether everyday Americans become wealthier and factory towns experience revivals, a goal outside economists say his Republican administration is unlikely to meet with tariffs.