President Trump has unveiled widespread tariffs on all imports in a bid to revive U-S manufacturing and collect tax revenue. Declaring a national economic emergency, the president rolled out 10 percent tariffs on all imported goods and even higher duties on dozens of countries. The president promised that factory jobs, in the long run, will […]
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In trade war escalation, Trump unveils tariffs on all imports
President Trump has unveiled widespread tariffs on all imports in a bid to revive U-S manufacturing and collect tax revenue. Declaring a national economic emergency, the president rolled out 10 percent tariffs on all imported goods and even higher duties on dozens of countries. The president promised that factory jobs, in the long run, will return to the U-S. But economists, investors, and consumers are wary about price hikes on everyday goods in the short term.