Trump's Proposed Tariffs Stir Economic Concerns

President-elect Donald Trump's tariff plans target China and other countries, sparking fears of economic disruption and retaliation.

Trump plans to impose up to 60% tariffs on Chinese imports and 10-20% on goods from other countries, aiming to boost American manufacturing.
Analysts warn that these tariffs could lead to increased prices for consumer goods like electronics, clothing, and appliances in the U.S.
States heavily reliant on imports, such as Michigan and California, may face economic challenges due to the proposed tariffs.
China is expected to retaliate, potentially targeting U.S. companies operating in China and reducing agricultural imports from the U.S.
Economists predict that U.S. allies, particularly in Europe, may suffer significant economic losses due to the tariffs.