Myths Regarding Impact of Tariffs’ Impact on the Global Economy Economy
NC State SCRC
DECEMBER 17, 2024
President-elect Trump has offered that he will be instituting 10% tariffs on China, 25% on Mexico and Canada, and perhaps other tariffs, including on Korean products. the estimated additional costs consumers paid for buying washing machines and dryers (which saw their prices increased despite not being tariffed) amounted to ~$817,000 per job.
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