3min chapter

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The Tariff Wars Are Here — And They’re Messy

Big Take

CHAPTER

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

This chapter explores the ramifications of tariffs imposed by Trump on Canada, Mexico, and China, focusing on their immediate effects on the U.S. economy. It highlights challenges faced by importers, manufacturers, and consumers, particularly in the auto industry, while examining the potential rise in prices and historical inflation context.

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