BAKERSFIELD, Calif. (KBAK/KBFX) — As the first day of school approaches for many, consumers are bracing for a financial hit due to impending tariffs set to take effect this Friday.
According to the Yale Budget Lab, the overall tariff rate will reach 18.2%, the highest since 1934, with an average long-term rate of 17.3%, the highest since 1935.
This increase is expected to make products more expensive, particularly affecting back-to-school shopping…