President-elect Donald Trump plans to impose new tariffs, including a 10% tariff on Chinese goods and 25% on imports from Canada and Mexico, as part of his “America First” economic agenda. A Chinese Embassy spokesperson warned that no one wins in a trade war, emphasizing the mutual benefits of U.S.-China trade. Retailers and experts predict higher consumer costs and economic challenges, particularly for low-income households, as tariffs are often passed on through price increases. Studies suggest past tariffs under Trump failed to protect jobs and led to losses in agriculture and other sectors due to retaliatory measures.
Source : CGTN
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