Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
Trump’s tariffs will be borne by U.S. importers, who could pass on costs to consumers and spur higher inflation in the coming months. The tariffs are also expected to cause mass disruption in global trade channels, which could further undermine growth.
Still, Trump provided exceptions for copper, pharmaceuticals, lumber, gold, energy, and some critical minerals. Trump’s tariffs will take effect in the coming week.