President Trump is imposing new tariffs on America’s three largest trading partners. The president followed through on his threatened tariffs, slapping 25 percent levies on goods from Canada and Mexico, plus an additional 10 percent on Chinese imports. He’s convinced that tariffs are the answer to America’s fiscal problems. But some economists predict higher inflation […]
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Trump’s tariffs take effect, hitting Canada, Mexico, China
President Trump is imposing new tariffs on America’s three largest trading partners. The president followed through on his threatened tariffs, slapping 25 percent levies on goods from Canada and Mexico, plus an additional 10 percent on Chinese imports. He’s convinced that tariffs are the answer to America’s fiscal problems. But some economists predict higher inflation — and news of the tariffs sent stocks tumbling yesterday. On Capitol Hill, Democrats slammed the president’s plan while some uneasy Republicans are worried about the possible economic fallout.