Reported about 11 hours ago
President-elect Donald Trump's proposed tariffs on imports from China, Mexico, and Canada could significantly influence US inflation and investment trends. Economists warn that these tariffs may lead to an increase in consumer prices, exacerbating inflation issues, and widening the trade deficit. As businesses anticipate cost changes, the uncertainty surrounding these tariffs could also delay investment decisions, further complicating the economy's trajectory. While some analysts believe the tariffs may not ultimately be implemented, the potential impact raises concerns about future economic stability.
Source: YAHOO