Cost of school supplies skyrockets amid Trump's tariffs and Iran war
Summary
The prices of school supplies have increased sharply this year. This rise is linked to the ongoing conflict in Iran and tariffs set by President Donald Trump.Key Facts
- School supply costs have gone up significantly in the current year.
- The conflict or war involving Iran is affecting prices.
- President Donald Trump has applied tariffs, which are taxes on imports.
- Tariffs make imported goods more expensive.
- These two factors combined have contributed to higher prices for school items.
- Tibor Besedes, an economics professor, has discussed this issue on CBS News.
- The article mentions that this topic was covered on the CBS News app as well.
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