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Experts warn tariffs and retaliatory measures could raise consumer costs and hit California exporters
Summary
University and policy experts told a California Assembly committee that tariffs already announced could add roughly $1,200 per household and that retaliation and supply-chain effects threaten export jobs, agricultural producers and construction costs.
University economists and policy experts told the Assembly Committee on Economic Development, Growth and Household Impact that recent and potential future tariffs could raise consumer prices, disrupt supply chains and displace jobs in export‑dependent industries.
"By one estimate from the Peterson Institute for International Economics just the tariffs already announced on China, Canada and Mexico will cost the typical US household about $1,200 a year," said Katie Russ, professor of economics at the University of California, Davis. She told the committee that the $1,200…
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