Consumer Corner
Trump’s opening tariff salvo will hurt US consumers − following through on Canada, Mexico threats will increase the price pain
Jason Reed, University of Notre Dame
If U.S. voters reelected Donald Trump hoping for relief from higher prices, his recent threats to impose tariffs on America’s three largest trade partners might make them think again.
On Saturday, Feb. 1, Trump announced 25% tariffs on Canada and Mexico and 10% tariffs on China, which he said would take effect on Tuesday, Feb. 4. While markets braced for the news to some degree, they still saw a steep premarket sell-off on Monday, Feb. 3, followed by morning volatility.
While Canada and Mexico negotiated monthlong reprieves on Monday, the new tariffs on China went into effect as expected Tuesday, Feb. 4. And while the ultimate shape of Trump’s tariff policy remains to be seen, the president warned that American consumers could feel “some pain” as a result.
Given my training as an economist and finance professor, I think Trump could be right on that score. In fact, if the tariffs go into effect, they could spell disaster for the Federal Reserve’s inflation reduction efforts.
From grocery stores to homes
U.S. consumers might be surprised to find out that almost every economic sector could be affected by this opening salvo of tariffs, should they go ahead in March. Imports from Mexico and Canada reached close to US$1 trillion in 2024, almost double the amount the U.S. imports from China.
The U.S. is particularly reliant on Mexico for fresh fruits and vegetables, and on Canada for lumber. So if the tariffs go into effect, Americans who have been waiting for home prices to ease may have to continue waiting, as tariffs on lumber and other building materials could worsen the affordable-housing crunch. And let’s not even talk about avocado prices.
Meanwhile, the 10% tariffs on Chinese goods will likely boost the price of electronics, and China has already imposed retaliatory measures. Trump has also proposed 25% tariffs on Taiwan and its semiconductor industry, in an attempt to push Taiwanese companies to invest more in U.S. manufacturing. If that tariff were to go into effect, prices for U.S. consumers would be even higher.
A tax by any other name …
Tariffs are an import tax. They’re passed through the supply chain in the form of higher prices and are eventually paid by consumers. Traditionally, governments have used tariffs as a fiscal tool to encourage businesses and consumers to move away from foreign-made products and support domestic businesses instead.
In theory, new tariffs could encourage foreign businesses to invest in the U.S. and make more stuff on American soil. Unfortunately, domestic manufacturing has seen a systemic decline since the 1980s, resulting in lower prices for consumers but severely limiting U.S.-produced products. In the short term, at least, import taxes on Canadian, Mexican and Chinese products would ultimately be paid by U.S. consumers.
Although this round of tariff threats may seem arbitrary to some, the Trump administration says it considers tariffs deeply intertwined with national security concerns. Stephen Miran, Trump’s pick to chair the president’s Council of Economic Advisers, has laid out a path for Trump’s tariff plan, which he says is aimed at putting American industry on fairer ground against the rest of the world.
In the long term, it’s unclear whether Trump’s threatened trade war will bring domestic manufacturing back to the U.S. and start a new industrial renaissance. In the meantime, American consumers will likely be stuck holding the bag.
Jason Reed, Associate Teaching Professor of Finance, University of Notre Dame
This article is republished from The Conversation under a Creative Commons license. Read the original article.
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Nissan unveils all-new third-generation LEAF
The All-New 2026 Nissan LEAF Is Here — Sleek, Smart, and Ready to Lead
Nissan has officially lifted the curtain on the all-new 2026 LEAF, and it’s not just an update—it’s a total reinvention. The third-generation LEAF blends sleek, aerodynamic styling with SUV-like proportions, signaling a bold departure from the hatchback form that defined the nameplate for over a decade. This refreshed design marks a new chapter for one of the world’s most accessible and best-selling electric vehicles.
With nearly 700,000 global sales under its belt, the LEAF has long been a pioneer in the mass-market EV space. The 2026 model takes that foundation and builds upon it in every direction—design, technology, comfort, and capability. Whether you’re a loyal EV enthusiast or making the switch from a gas-powered car, Nissan’s newest electric offering is designed to meet you where you are and elevate your driving experience.
@stmblog The all-new 2026 Nissan LEAF is here! Sleek SUV style, longer range, smart tech & faster charging. Arrives this fall. ⚡🚗 #NissanLEAF ♬ original sound – STMDailyNews
Striking Design Meets Everyday Versatility
The all-new LEAF sports clean, sculpted body lines and a wide stance that echoes modern crossover aesthetics. Inside, the cabin is minimal yet inviting, focused on comfort, spaciousness, and wellbeing. A dimming panoramic roof with heat shielding adds a premium touch, while ambient lighting in 64 available colors helps set the perfect mood for any drive.
Performance Meets Practicality
Among the most impressive upgrades is a liquid-cooled lithium-ion battery offering up to 75 kWh of usable capacity—meaning more range, more freedom, and more confidence. Faster charging speeds and the inclusion of the North American Charging Standard (NACS) port with Plug & Charge capability further simplify EV ownership.
Nissan’s all-new 3-in-1 powertrain—a compact, integrated system combining motor, inverter, and reducer—delivers both efficiency and power in a sleek package. It’s an engineering advancement that supports the LEAF’s mission of providing reliable, affordable electric mobility for all.
Tech-Savvy and Feature-Rich
This isn’t just a car—it’s a rolling tech hub. The 2026 LEAF offers dual 14.3-inch displays, wireless Apple CarPlay® and Android Auto™, and Google built-in features like Google Maps. Drivers will enjoy innovative tools like the Invisible Hood View, Front Wide View, and the 3D Intelligent Around View® Monitor—making tight parking and complex driving environments far easier to navigate.
Audiophiles take note: the available Bose® Personal® Plus audio system ensures that your soundtrack is every bit as premium as your ride.
Built to Impress, Ready for the Road
With details like flush door handles, holographic 3D tail lamps, and available 19-inch wheels, the 2026 LEAF is clearly designed to turn heads. But its mission is practical at heart: making electric driving seamless for everyday users. From its improved range to thoughtful in-cabin tech, Nissan is aiming squarely at the mainstream with this launch.
Assembly for the U.S. and Canadian markets will take place at Nissan’s Tochigi plant in Japan, where the LEAF will be built alongside the Ariya SUV.
The 2026 Nissan LEAF arrives at U.S. dealerships this fall, with availability in other global markets to follow.
Want more 2026 Nissan LEAF details or a feature breakdown?
Stay tuned for a full review once test drives are available—or check out the full press kit for deep specs on every trim level https://usa.nissannews.com/en-US/releases/the-iconic-ev-reimagined-nissan-unveils-all-new-third-generation-leaf
Welcome to the Consumer Corner section of STM Daily News, your ultimate destination for savvy shopping and informed decision-making! Dive into a treasure trove of insights and reviews covering everything from the hottest toys that spark joy in your little ones to the latest electronic gadgets that simplify your life. Explore our comprehensive guides on stylish home furnishings, discover smart tips for buying a home or enhancing your living space with creative improvement ideas, and get the lowdown on the best cars through our detailed auto reviews. Whether you’re making a major purchase or simply seeking inspiration, the Consumer Corner is here to empower you every step of the way—unlock the keys to becoming a smarter consumer today!
https://stmdailynews.com/category/consumer-corner/
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(Family Features) For most homeowners, their house’s exterior is a reflection of them, which makes it important to ensure its curb appeal is up to par. While there are plenty of ways to enhance the appearance of your home, these ideas can leave a lasting impression.
Choose the Right Plants
Opt for a mix of evergreen shrubs, perennials and seasonal flowers that provide continuous color visual interest. For example, billowy trees can add height and movement while ground cover plants and shrubs can fill in spaces and prevent weeds.
Incorporate Stonework
Hardscaping elements such as walkways, retaining walls and stone borders – as well as natural stone or stone veneer – can significantly enhance the structure and aesthetic of your front yard. Even if changing your home’s facade isn’t in your plans, natural stone, paver or brick sidewalks or landscape rings can be incorporated to complement its architectural style.
Update Lighting
Not only does outdoor lighting enhance safety and security, it can be used to highlight key features and create a welcoming ambiance after dark. Consider adding lighting to (or replacing fixtures around) your driveway, walkways and entryway to guide visitors and use spotlights to draw attention to architectural details, trees and garden beds.
Give It a Fresh Coat of Paint
One of the first projects that comes to mind for many homeowners looking to improve curb appeal, a fresh coat of paint can make a striking difference. However, if a full-scale paint job isn’t in the budget, refreshing the trim, bannisters and railings, gutters or other accent pieces can still help provide fresh pops of color.
Find more ideas to improve your home’s curb appeal at eLivingtoday.com.
Photo courtesy of Shutterstock
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Upgrade to Thoughtful Luxury
True luxury lies in the details and in daily rituals. Consider design-forward upgrades that elevate both comfort and hygiene. A one-piece bidet toilet delivers a spa-like experience through smart technology and minimalist design, making it a standout smart toilet option.
“WASHLET+ one-piece bidet toilets have become one of my go-to upgrades,” said Alena Capra, CMKBD, host of “SoFlo Home Project.” “They’re beautifully designed, surprisingly easy to install and instantly elevate a bathroom’s comfort and style. The S7 and S7A WASHLET+ models feature a sleek, one-piece design and are the perfect blend of smart tech and timeless design, especially for homeowners prepping for summer guests.”
Features such as warm-water cleansing, heated seats, air dryers and built-in deodorizers can transform everyday routines into spa-like experiences. Some premium models with these innovations are now available through independent showrooms’ “Buy More, Save More” promotion, making it easier to upgrade multiple bathrooms while embracing comfort and sustainability.
Refine the Finishing Touches
Modernize your space by replacing outdated hardware with elevated styles. Brushed metal or matte black finishes offer a contemporary edge while luxurious showerheads and touchless faucets enhance both innovative function and visual appeal.
Clarify with Purposeful Lighting
A well-designed bathroom deserves lighting that both flatters and functions. Layered lighting such as dimmable sconces, task-specific fixtures and ambient sources adds visual depth and supports everything from morning routines to nighttime relaxation.
Maximize Utility with Integrated Design
Keep your space feeling serene and uncluttered with discreet storage solutions. Built-in cabinetry, recessed niches and custom shelving maintain visual harmony while keeping essentials within reach. Consider toe-kick drawers or mirrored cabinets for added functionality with style.
With small but intentional updates, your bathroom can become a peaceful space that reflects your personal style and enhances everyday living. For more design inspiration and to explore a full range of luxury bathroom innovations, visit TOTOUSA.com.
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