US and Canada tariff policy changes may have lasting impacts on consumer wallets

An ASU economist says new tariffs will increase prices and decrease consumers' disposable income.

In this story published March 12, 2025, on KJZZ:

You're exposing them to higher prices than what they should have paid for those same products. What does that mean? That means we have less disposable income.

– Dennis Hoffman, director of ASU’s Office of the University Economist