Low-income Americans are reducing spending due to rising prices driven by import duties, impacting essentials and discretionary items. Fast-food chains are responding with cheaper options to maintain demand. Experts warn that these price increases disproportionately affect the poorest, as companies may need to sacrifice profits to avoid unsustainable price hikes amid depleted pandemic-era savings.
Trending
- Trump tariffs: To beat 50% duty, exporters speed up US consignments
- Taylor Swift booed at Super Bowl: Focused on Travis Kelce; Machine Gun Kelly reveals moment
- Kelly Clarkson’s ex-husband dies at 48: ‘He passed away peacefully’
- Firing at Kapil Sharma’s cafe in Surrey again: Molotov cocktail found outside, forensic identification pending
- Crackdown on ‘seditious’ literature in J&K: Police seize banned books
- Kulgam op enters Day 7; Northern Commander, DGP review situation
- ‘Khalid Ka Shivaji’ Sparks Maha Row Over Historical Distortion
- Hideout busted in J&K’s Kishtwar; arms, ammo seized