Reported about 5 hours ago
President Donald Trump's new tariffs on Canada, Mexico, and China, set to take effect soon, are intended to leverage America’s economic power, but they risk higher inflation and could disrupt global markets. The tariffs, including a 25% tax on imports from North American allies and a 10% tax on Chinese goods, aim to fulfill Trump's campaign promises and address issues like illegal immigration and drug smuggling. However, economists warn the long-term repercussions could harm economic growth and strain relations with trading partners, raising consumer prices significantly.
Source: YAHOO