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Benzinga

Business

Bibhu Pattnaik

$29 Billion Tariff Shock Awaits US Shoppers As Holiday Spending Kicks Off: Report

United States LendingTree

The upcoming holiday season could prove to be more costly for American consumers, not due to increased retailer prices, but as a result of tariffs.

What Happened: As per the report by LendingTree, current tariffs are equivalent to a $29 billion tax on the 2025 holiday shopping season.

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Top stories on inkl right now

Unnerved Panamanians sleep in streets as aftershocks rattle quake-hit towns

Residents in rural Panama are dealing with aftershocks following two powerful earthquakes that hit the country on Friday

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NASCAR O'Reilly race postponed to late Sunday due to heavy rain at Charlotte

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United Auto Workers president Shawn Fain easily wins re-election

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The Guardian - US

Trump's Medicaid cuts strip refugees and other legal immigrants of their health coverage

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Top stories on inkl right now

Unnerved Panamanians sleep in streets as aftershocks rattle quake-hit towns

Residents in rural Panama are dealing with aftershocks following two powerful earthquakes that hit the country on Friday

The Independent UK

NASCAR O'Reilly race postponed to late Sunday due to heavy rain at Charlotte

Rain from Hurricane Isaias will prevent any race cars from getting on track today at Charlotte Motor Speedway

Motorsport

The Latest: Isaias weakens after making landfall as Category 2 hurricane

Isaias weakened quickly after making landfall on the U.S. Gulf Coast near Destin, Florida, as a Category 2 hurricane Friday evening

The Independent UK

Two dead as Isaias weakens to post-tropical cyclone after striking Florida panhandle

Deaths came from falling trees as nearly a million people are without power and rain and flooding remain a concern

The Guardian - US

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

United Auto Workers president Shawn Fain easily wins re-election

Fain was dogged by investigation but still decisively beat challenger Rich Boyer, who received just 13% of vote

The Guardian - US

Trump's Medicaid cuts strip refugees and other legal immigrants of their health coverage

The Trump administration has cut Medicaid coverage for hundreds of thousands of legal immigrants, including refugees and trafficking victims

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Our Picks

Former Black Midi frontman cancels US tour after sexual misconduct allegations

Flyers containing the accusations were handed out at show in Vancouver, Canada

The Independent UK

Why Is There So Much Liquid in Packaged Chicken?

If you have ever opened a package of raw chicken and found a puddle of liquid inside, you are not alone. The amount can sometimes be surprising, especially when the chicken looks like it is sitting in water. However, that liquid does not necessarily mean the chicken is spoiled or…

Grocery Coupon Guide

LeBron James is everything Philadelphia wants. And everything it can’t stand

The city has embraced its new superstar with open arms, even as he choppers in from Manhattan and makes no secret of the fact that Philadelphia was never his first choice

The Guardian - US

Geordie Greep denies sexual assault allegations from stage in Vancouver

While some heard the former Black Midi frontman out, others made for the exit as he addressed accusations

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A woman goes to pour Walmart chicken broth dated 2027, but something is clogging the spout: ‘What the heck is that?’

That’s not how broth pours.

We Got This Covered

A man buys three limited-edition BrüMate cups at Target after two failed trips, then says a woman stopped him on the way out and demanded them back

Didn't see that coming.

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