Trump's New Tariffs: A Summary

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Trump's New Tariffs**

In a surprising move, President-elect Donald Trump has announced new tariffs on goods imported from Mexico, Canada, and China. The tariffs are intended to remain in place until these countries reduce migration and the flow of drugs into the US.

* Mexico and Canada: Trump has threatened to impose a 25% tariff on all products coming in to the United States from Mexico and Canada.

* China: Trump has also threatened to impose a 10% tariff on all products coming in to the United States from China.

Trade experts and economists have warned that these tariffs could spark a bitter global trade war, with consumers and companies bracing for steep costs.

What does this mean for global trade?

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What's the deal with Trump's tariffs? Here's the lowdown.
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Who pays?** US companies that import goods from abroad.
Why is Trump imposing tariffs?** He's got three main reasons: immigration, drugs, and subsidies for Canada and Mexico.
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Who wins, who loses?** Ultimately, it's the consumer who loses out from tariffs because they will almost certainly feel the impact through price increases.

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