Trump slaps tariffs on Canada, Mexico, China, risking higher prices for U.S. consumers

President Donald Trump has signed tariffs on goods from Canada, Mexico, and China, citing a risk of a trade war and higher prices for consumers. The tariffs’ specific actions and effective date are unclear, with Trump pointing to a trade deficit and fentanyl deaths as reasons for the move. Economists warn of increased costs for a range of goods, potentially impacting industries and consumers across the U.S. economy.

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