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More expensive consumer goods (plus inflation and higher interest rates) due to increased import tariffs
Donald Trump vowed steep tariffs on countries like China and Mexico, linking them to stopping drug imports. Critics, including 16 Nobel Prize-winning economists, warn these policies could harm the U.S. economy and global standing. They caution against long-term instability and inflation.
Big Changes Donald Trump’s Presidency Could Bring In 2025
More expensive consumer goods (plus inflation and higher interest rates) due to increased import tariffs
Donald Trump vowed steep tariffs on countries like China and Mexico, linking them to stopping drug imports. Critics, including 16 Nobel Prize-winning economists, warn these policies could harm the U.S. economy and global standing. They caution against long-term instability and inflation.