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How will Donald Trump's import tariffs impact the US economy?

21 Nov '24
10 min read
How will Donald Trump's import tariffs impact the US economy?
How will Donald Trump's import tariffs impact the US economy?

Insights

  • Even though US is imposing higher tariffs on Chinese imports, the latter continues to dominate the retail chains in the US.
  • With Donald Trump promising heavy tariffs on major imports – a blanket tariff of **%** and a **%** tariff on imports from China, it is bound to have significant impact on US retail stores dependent on imports to fill their inventory.
Even though US is imposing higher tariffs on Chinese imports, the latter continues to dominate the retail chains in the US. With Donald Trump promising heavy tariffs on major imports – a blanket tariff of ** per cent and a ** per cent tariff on imports from China, it is bound to have significant impact on US retail stores dependent on imports to fill their inventory.

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