The Tariff Wars Are Here — And They’re Messy
Big Take
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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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