Here’s how tariffs on Canada, China and Mexico may impact U.S. consumers

Key Points

President Donald Trump is imposing a 25% tariff on Canada and Mexico and a 10% tariff on China starting on Saturday, the White House said.
Tariffs will likely result in higher prices for U.S. consumers, both directly and indirectly, economists say.
Tariffs are a tax on foreign imports that are paid by the U.S. businesses importing those products. They will likely pass those costs to customers, economists explain.

Source

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