Trump, tariffs
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USA TODAY |
The new tariffs are expected to reignite inflation, hammering consumer spending, which makes up 70% of economic activity.
USA Today |
President Donald Trump on Wednesday announced a 10% tariff on all imports but even higher rates on dozens of trading partners including China, India and the European Union.
USA Today |
The biggest damage from tariffs often comes from retaliation. Even before Wednesday's announcement, nations pledged to fight back.
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President Trump on Wednesday announced sweeping new tariffs, threatening to upend much of the architecture of the global economy and trigger broader trade wars.
The United States is abandoning the economic system that made it rich and powerful, gambling that it can become more prosperous waging a global trade war.
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