Reported about 7 hours ago
President Donald Trump asserted that the tariffs imposed on China would not severely affect American consumers, predicting that China could absorb the costs. He maintained that these tariffs were justified due to unfair trade practices, despite acknowledging they were akin to a near-embargo. Trump's comments follow indications from his administration about a potential easing of tariffs, though discussions with China have yet to begin. Meanwhile, American retailers are already adjusting prices in response to the tariffs, showing initial impacts on consumers.
Source: YAHOO