Trump’s $50bn tariff haul
FT News Briefing
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Analyzing the Impact of U.S. Tariffs on Revenue and Economy
This chapter explores the significant $50 billion increase in tariff revenue for the U.S. government and its effects on consumers due to heightened import costs. It also addresses retaliatory actions from nations like China and Canada and the broader implications for the U.S. economy, particularly concerning inflation and consumer prices.
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