Donald Trump spent his entire campaign lying about his plans to lower costs, but basic household items are already getting more expensive a week into his presidency and economists are warning that his reckless agenda would mean “higher prices for everyday Americans” on everything from groceries to electronics. The American people deserve leaders who are looking out for them and focused on bringing down costs – but Trump and his billionaire Cabinet are only focused on their own bottom line.

Here’s a look at how Trump’s national tax will raise costs on the American people:

Reuters: “President Donald Trump’s vow of tariffs on U.S. copper and aluminium imports would result in higher costs for local consumers because of a shortfall of domestic production and the length of time it would take to renew the industry, analysts and industry participants said on Tuesday. …

“Aluminium producers in Canada such as Rio Tinto (RIO.AX), opens new tab and Alcoa (AA.N), opens new tab would be unlikely to take revenue hits, instead the costs would likely be rolled to automakers who would then pass them to U.S. consumers, he added. Rio Tinto declined to comment. …

“He estimated that a 25% tariff on current Canadian export volumes to the U.S. could represent $1.5 billion to $2 billion of additional annual costs for U.S. customers.”

Washington Post: “President Donald Trump has threatened to impose increased tariffs on products from Mexico, Canada and China as soon as Saturday — a move that could significantly increase prices on goods from three of America’s most important trading partners. …

“The result, economists say, would be higher prices for everyday Americans. …

“That means electronics like cellphones, apparel like cotton shirts or shoes and children’s toys could be subject to higher tariffs than they are now.

“Industry groups have warned these taxes could increase prices. The Consumer Technology Association, modeling an earlier tariff proposal from Trump, said that smartphones could cost about $213 more.”

CNN: “Trump said he’d bring prices down on Day One. That hasn’t happened” 

“Day One has turned into Day Seven, and those eggs are getting even more expensive. …

“In fact, the lawmakers added, Trump appears to be ‘backtracking’ on those promises, conceding in recent weeks that it’s ‘hard to bring things down.’ …

“Trump’s frequent price-dropping pledges have long been countered by economists who have noted that broad-based price declines not only would be outright dangerous for an economy by creating a deflationary ‘doom loop,’ but, also, that they’d be improbable to achieve.”