Donald Trump’s tariffs are a $US1.4 trillion gamble with the economy and prices

President Trump’s looming import taxes on Mexico, Canada, and China are a risky test of his unorthodox use of tariffs, which he believes are “the greatest thing ever invented.” Economists warn that these tariffs could lead to higher consumer prices, disrupt supply chains, and potentially trigger a trade war with devastating consequences for the economy. Concerns are particularly high for the impact on grocery store prices, as Mexico and Canada are major sources of fruit, vegetables, grains, and livestock for the US.

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