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Trump’s tariffs could raise car prices at dealerships — very quickly

  • Trump is expected to announce specific tariffs on imports from China, Canada, and Mexico, which could lead to higher prices for consumers, according to the CTA.
  • The International Trade Commission reports that electronic products imports from Mexico rose to $103 billion in 2023, accounting for 18% of total electronics imports.
  • Colombia's government is retaliating against Trump's proposed tariffs by raising tariffs on US goods, potentially harming American manufacturers.
  • The World Trade Organization warns that retaliation from tariffs could result in double-digit global GDP losses, affecting everyone, as stated by Ngozi Okonjo-Iweala.
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Bias Distribution

  • 69% of the sources are Center
68% Center
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