All these new tariffs could cause pain for consumers
Update: 2025-02-03
Description
Today, it’s talk of tariffs. New import taxes on Canada, Mexico and China are set for midnight, although U.S. President Donald Trump plans conversations with Mexico’s and Canada’s leaders today. Prices for things like cars, electronics, foods and building materials are expected to rise as a result. We’ll also unpack how oil markets might deal with new tariffs and hear what the additional levy could mean for manufacturers in China.
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