Why Everything is About to Cost You More / Trumps Fault
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4Trade Protectionism and Tariffs: The resurgence of trade barriers, notably the U.S. imposing a 10% blanket tariff on imports, is increasing production costs. Multinational companies are distributing these costs globally, leading to higher prices in various markets, including the EU and the UK .
Reuters
Supply Chain Disruptions: Ongoing geopolitical tensions and deglobalization are causing supply chain inefficiencies, contributing to increased production costs and, consequently, higher consumer prices .