Trump Threatens Tariffs Against Canada, Mexico
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World
Trump could be set to announce tariffs against Canada, China and Mexico. Here's what to know.
71% Informative
President Trump has threatened steep new tariffs against key U.S. trading partners.
He said Jan. 20 that he could announce 25% tariffs against Canada and Mexico , while China .
It remains unclear what tariffs could be deployed, how they might be structured and the possible timeline for deploying them.
Economists say tariffs are all but certain to lead to higher prices for U.S. consumers.
Companies that end up on the hook typically pass added costs along to consumers in order to protect their bottom lines.
If Mr. Trump 's tariffs are implemented in full, consumer price inflation could rise by between 3% and 4% .
VR Score
80
Informative language
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English
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