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  • ‘Empty shelves, higher prices’: Americans tell of cost of Trump’s tariffs | Trump tariffs

    ‘Empty shelves, higher prices’: Americans tell of cost of Trump’s tariffs | Trump tariffs

    As a mother of two, Paige Harris has noticed a change in the way she shops for her family.

    “Items that I have bought regularly have gone up in price steadily,” she said. “From hair dye to baby formula, our grocery list has gotten smaller while our budget has had to increase. Meats like steak are a no-go for our household.”

    Harris, 38, lives and works as a teacher’s assistant in Stella, North Carolina, and is one of almost 40 people who spoke to the Guardian about how they’ve been coping with the price of goods in the six months since Donald Trump announced his sweeping tariffs.

    On Thursday, a study from S&P Global revealed that companies were expected to pay at least $1.2tn more in 2025 expenses than was previously anticipated. But the burden, according to the researchers, is now shifting to US consumers. They calculated that two-thirds of the “expense shock”, more than $900bn, will be absorbed by Americans. Last month, the Yale Budget Lab estimated tariffs would cost households almost $2,400 more a year.

    Harris says the tariffs’ impact on her daily life contradicts promises from the Trump administration to “cut prices and make living affordable for everyone”. She said: “You see prices soaring. It has become very clear that this administration did not and does not care about the everyday lives of Americans.”

    Several Americans told the Guardian their weekly budgets had been drastically altered with the introduction of Trump’s tariffs.

    “Prices are way too high. I mostly shop at Costco and buy as little as possible anywhere else,” said Jean Meadows, a 74-year-old retiree who lives in Huntsville, Alabama. “I can’t imagine that stores haven’t noticed the change. I think people are really afraid of what is coming.”

    That sense of apprehension is reflected in a recent poll, exclusively conducted for the Guardian, where respondents identified the tariffs as the second biggest threat to the economy.

    “The bread I buy has doubled in price within a year. We live on a fixed income that doesn’t keep up with inflation,” said Myron Peeler, who is also retired and is the sole caregiver for his wife, who suffers from debilitating arthritis. The only saving grace, he said, is that his house and car are paid off.

    Trump shows few signs of backing away from his tariff policy – a move the White House maintains will reinvigorate American manufacturing and increased revenue from trade partners.

    Most recently, the president reignited a trade war with China by threatening a 100% tariff on Beijing as soon as November. This came after China moved to restrict exports of rare earth minerals needed for several everyday items from electric vehicle batteries to hospital equipment, a decision that Trump branded as “very hostile”. In an interview with Fox News, the president has admitted that the proposed tariff hike was “not sustainable”, but said he was left with little choice: “They forced me to do that”.

    Currently, the average US tariffs on Chinese exports hovers around 58%, according to the Peterson Institute for Economics. It’s a levy that is already taking a toll on Americans such as Michele, from north-eastern Pennsylvania.

    “We need to buy new tires for a car, and can’t, because affordable tires are no longer in stock and we can’t afford $250 a tire,” she said.

    Several people echoed Michele’s feelings about availability, describing the situation as “empty shelves, higher prices”. Natalie, who lives in New Hampshire, said she hasn’t seen certain pantry staples “for months”. She said: “The store shelves have become more and more bare … instead of multiple choices there may only be one or two, and name brands are being replaced by store brands.”

    At 55, Natalie is semi-retired but is due to start part-time work at a supermarket, and she has seen a price rise in nearly everything she buys regularly. “Any brand of cat food has increased anywhere from 25% to double the price. One wet food my cats like went from $1.79 to $2.49 per can,” she said.

    The new normal many Americans are bracing for, or already feeling, is not just the cost of groceries, for those such as Minnie, a food writer in Portland, Oregon, it’s a change in lifestyle.

    “I don’t shop for non-essentials. No fall shopping trips for a new sweater or jeans. And we’ll make all our Christmas presents this year,” said Minnie, 55. “We used to dine out once a week. Now we never eat out. Even fast-casual is insanely pricey. Everything is twice what it used to cost and we’re very afraid of what’s next, financially speaking.”

    While the US inflation rate hovers around 2.9% – a substantial drop from the spikes of the Covid era – the tariffs haven’t helped ease the impact on Americans’ wallets. Richard Ulmer, 81, who has lived in Florida for 35 years, said this year has been “the worst from a financial standpoint”, adding that “everything” from his groceries to the electric bill has become more expensive.

    For Cassie, a 25-year-old consultant based in Siler City, North Carolina, costs have shot up quickly compared to the “gradual price increases” during the first two years of the pandemic. Cassie has a strict $65 per week budget for groceries, but since Trump first announced his tariffs, she’s been priced out of her normal routine, which included doing most of her weekly shopping at Walmart.

    “Now I must visit at least four different stores in the area and other towns, often driving longer distances to find the best prices,” she said. “During the summer months and the Mexico/Latin America tariff announcement, Walmart and other stores in the area ran out of bananas for around two weeks. No one could get bananas in my area.”

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  • Losing Your Teeth Could Be a Deadly Warning, Study Finds : ScienceAlert

    Losing Your Teeth Could Be a Deadly Warning, Study Finds : ScienceAlert

    How fast we lose teeth in old age has been linked to a person’s risk of dying in a comprehensive new study, emphasizing the importance of good oral health, and suggesting tooth loss could be a key indicator of other serious health…

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  • Ancient Greek Vases Were Decorated With Gypsum, Researchers Say

    Ancient Greek Vases Were Decorated With Gypsum, Researchers Say

    The creator of an Attic vase showing the Greek goddess Cassiopeia used gypsum to create the white background, an unusual color for ancient Greek vases, which often had a red background. Credit: Gabriella Chirco/University of…

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  • Tencent Music Entertainment Group (NYSE:TME) shareholders have earned a 81% CAGR over the last three years

    Tencent Music Entertainment Group (NYSE:TME) shareholders have earned a 81% CAGR over the last three years

    Tencent Music Entertainment Group (NYSE:TME) shareholders might be concerned after seeing the share price drop 15% in the last month. But that doesn’t change the fact that the returns over the last three years have been spectacular. In fact, the share price has taken off in that time, up 484%. As long term investors the recent fall doesn’t detract all that much from the longer term story. The only way to form a view of whether the current price is justified is to consider the merits of the business itself.

    With that in mind, it’s worth seeing if the company’s underlying fundamentals have been the driver of long term performance, or if there are some discrepancies.

    We’ve found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.

    To quote Buffett, ‘Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace…’ One way to examine how market sentiment has changed over time is to look at the interaction between a company’s share price and its earnings per share (EPS).

    Tencent Music Entertainment Group was able to grow its EPS at 57% per year over three years, sending the share price higher. In comparison, the 80% per year gain in the share price outpaces the EPS growth. This indicates that the market is feeling more optimistic on the stock, after the last few years of progress. It’s not unusual to see the market ‘re-rate’ a stock, after a few years of growth.

    The company’s earnings per share (over time) is depicted in the image below (click to see the exact numbers).

    NYSE:TME Earnings Per Share Growth October 19th 2025

    It is of course excellent to see how Tencent Music Entertainment Group has grown profits over the years, but the future is more important for shareholders. This free interactive report on Tencent Music Entertainment Group’s balance sheet strength is a great place to start, if you want to investigate the stock further.

    When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. It’s fair to say that the TSR gives a more complete picture for stocks that pay a dividend. In the case of Tencent Music Entertainment Group, it has a TSR of 496% for the last 3 years. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments!

    We’re pleased to report that Tencent Music Entertainment Group shareholders have received a total shareholder return of 91% over one year. That’s including the dividend. Since the one-year TSR is better than the five-year TSR (the latter coming in at 9% per year), it would seem that the stock’s performance has improved in recent times. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. Before deciding if you like the current share price, check how Tencent Music Entertainment Group scores on these 3 valuation metrics.

    But note: Tencent Music Entertainment Group may not be the best stock to buy. So take a peek at this free list of interesting companies with past earnings growth (and further growth forecast).

    Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges.

    Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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  • Watch comets Lemmon and SWAN make their closest approach to Earth live online on Oct. 20

    Watch comets Lemmon and SWAN make their closest approach to Earth live online on Oct. 20

    Comets C/2025 A6 Lemmon & C/2025 R2 SWAN at their closest approach to Earth – online observation – YouTube


    Watch On

    Two comets, C/2025 A4 (Lemmon) and C/2025 R2 (SWAN), are about to reach their closest approach to Earth and you can…

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  • Last Ebola patient in Democratic Republic of the Congo discharged | WHO

    Bulape – The last Ebola patient in the Democratic Republic of the Congo was discharged today, marking an important milestone in the efforts to end the outbreak. The recovery kicks off a 42-day countdown to declaring the outbreak over if no…

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  • New smart ring is a novel way to control your computer — it has the humble mouse firmly in its sights

    New smart ring is a novel way to control your computer — it has the humble mouse firmly in its sights

    Researchers have developed a lightweight computer mouse that you wear on your finger like a ring and works for more than a month on a single charge.

    Called picoRing, the device weighs just 0.18 ounces (5 grams) and is designed as a discreet,…

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  • Photographer’s Once-in-a-Lifetime Shot of Lightning Sprites and the Milky Way

    Photographer’s Once-in-a-Lifetime Shot of Lightning Sprites and the Milky Way

    Dan Zafra (Capture the Atlas) caught elusive red lightning sprites fizzing in front of the galactic core of the Milky Way while the aurora australis glows in the bottom left corner.

    While out photographing the dark skies of New Zealand…

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  • Free Steam Game Gets Major Expansion At No Additional Cost, a Perfect End To Your Week

    This very well received free Steam game just got some brand new content which, surprisingly, is also free. Free stuff for free stuff, you love to see it.

    There’s an unquantifiably large amount of free games on Steam. I mean, someone could…

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  • Microsoft's Notepad, Photos, and Paint Apps Are Now Powered by AI. Here's What They Can Do – PCMag

    1. Microsoft’s Notepad, Photos, and Paint Apps Are Now Powered by AI. Here’s What They Can Do  PCMag
    2. Making every Windows 11 PC an AI PC  Windows Blog
    3. Microsoft finally brought back Cortana to Windows 11, sort of  Mint
    4. Microsoft’s October 2025 update…

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