Tariffs and the global fallout
The New Bazaar
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Tariff Impacts: A Historical and Economic Analysis
This chapter explores the significant rise in U.S. tariffs and its implications on the economy, especially for lower-income households. It discusses how current tariffs differ from historical ones and the immediate impact on consumer goods, as well as the potential retaliation from other nations. Furthermore, the chapter examines the interdependencies in trade, particularly with China, and the risks associated with relying on specific imports amidst ongoing geopolitical tensions.
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