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Trump pushes sweeping new tariffs, drawing criticism over inflation and higher prices

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Overview

  • Trump discussed imposing a universal 10% tariff on imports during meeting with economic advisers
  • Experts warn the tariffs could hurt US companies reliant on foreign supply chains and export markets
  • White House pushes back, saying the tariffs would raise prices for consumers and stifle economic growth
  • Trump plans to make trade and tariffs a key part of his 2024 campaign platform against Biden
  • Critics argue the tariffs amount to a tax on the middle class and would open opportunities for influence-peddling