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How will Donald Trump's import tariffs impact the US economy?

21 Nov '24
10 min read
How will Donald Trump's import tariffs impact the US economy?
Pic: Adobe Stock

Insights

  • Even though US is imposing higher tariffs on Chinese imports, the latter continues to dominate the retail chains in the US.
  • With Donald Trump promising heavy tariffs on major imports – a blanket tariff of ** per cent and a ** per cent tariff on imports from China, it is bound to have significant impact on US retail stores dependent on imports to fill their inventory.

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