Reported 1 day ago
President Trump's recent decision to impose tariffs of 25% on goods from Canada and Mexico, along with a 10% tariff on imports from China, is expected to raise prices for American consumers and could potentially initiate a trade war as both Canada and Mexico prepare retaliatory measures. The tariffs, aimed at reducing fentanyl trafficking and immigration across borders, cover a wide range of products, including food items such as avocados and various cereals, which may lead to increased costs in grocery stores. Economists warn that while tariffs generally contribute to inflation, the extent of their impact remains uncertain.
Source: YAHOO