What tariffs could mean for US workers, consumers and the economy
- President Trump's tariffs have negatively impacted the stock market and affected farmers, autoworkers, and small businesses.
- China announced a 34% retaliatory tariff on U.S. Goods starting April 10, increasing the costs for U.S. Crops.
- The average tariff rate is projected to rise to 18.8% in 2024, the highest rate since 1933, affecting American households.
- The U.S. Domestic shrimp industry welcomed Trump's actions, seeing it as a recognition of unfair trade issues.
51 Articles
51 Articles
What's the goal of tariffs if it means higher prices in the US?
President Donald Trump says his goal for sweeping reciprocal tariffs is to realign the economy by bringing jobs back to the United States. To do that, he’s making products made overseas more expensive. But how much will it cost consumers and how long will it take? NBC’s Tom Costello reports for TODAY.
On the Road to Tariffs and Counter-Tariffs
We all wonder how much it's going to cost us, these tariff and counter-tariff stories, so we decided to follow the path of an aluminum can to better understand the impact of the trade war between Canada and the United States on businesses here and on consumers. Jacaudrey Charbonneau's explanations.
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