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Trade deals and tariff deadline looms large

Marketplace Morning Report

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Impact of Tariffs on U.S. Economy and Consumer Prices

This chapter examines the effects of existing tariffs, focusing on the average 15% tariff on U.S. imports and its substantial revenue implications. It discusses the anticipated timing of these tariffs on inflation and consumer prices, noting that while profit margins currently absorb costs, higher prices for consumers are expected soon.

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