Impact of Tariff Increases on Economy and Workforce

This chapter examines the recent record-high tariff increases on imported goods in the U.S. and their potential consequences for consumer prices, business investments, and overall economic stability. It highlights the specific challenges faced by Michigan's auto industry and small businesses due to escalating costs and reliance on imported materials. Additionally, the chapter discusses the global reactions to these tariffs and the evolving political landscape, including bipartisan efforts to modify tariff policies amidst rising unemployment rates.

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