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Friday, January 10, 2025

Trump’s tariff plan is an inflation plan (link fixed)

Trump’s tariff plan is an inflation plan

New tariffs on Mexico, Canada, and China could make life more expensive.
 

By Ellen Ioanes, Vox 

 
Expanded tariffs on imports from China and other trade partners are part of President-elect Donald Trump’s economic plans once he takes office in January. Though he claims his protectionist trade policy will bring jobs back to the US, Trump’s tariffs will come at a steep cost to consumers and the economy as a whole.

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