Higher U.S. tariffs will extend uncertainty for businesses, experts say. Here’s why.
President Trump's executive order increasing tariffs on U.S. imports may lead to higher consumer prices and uncertainty for businesses, with tariffs starting at 15% for most countries and potentially exceeding 40% for others. Economists warn that this could raise costs for common imports like clothing and appliances, potentially averaging $2,048 annually for Americans, while the White House claims these measures will bolster American manufacturing and exports. Want More Context? 🔎
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