Trump's Proposed Tariffs Could Raise Consumer Costs and Reshape Global Trade

The president-elect's sweeping tariff plans target imports from China, Canada, and Mexico, sparking economic concerns and potential global trade shifts.

President-elect Donald Trump has proposed tariffs of 10–20% on all imports, with higher rates of 60% on Chinese goods and 25% on imports from Canada and Mexico.
Experts warn these tariffs could significantly raise consumer prices, with potential increases of $200 for smartphones and $350 for laptops, among other goods.
Critics argue that the tariffs could exacerbate inflation, already a key concern for 74% of Americans surveyed in a recent poll.
Economists highlight the risk of retaliatory tariffs from other countries, potentially impacting U.S. exports and global supply chains.
Trump's approach to tariffs emphasizes reciprocity and leveraging trade terms, but analysts predict challenges in implementing these policies without bipartisan support.

Orange County Register

Newsweek

The Guardian