New York CNN —
While there’s a lot we don’t know about President-elect Donald Trump’s tariff plans, at least one thing is pretty certain: Tariffs will go up. If history is any indication, that means price increases will likely follow.
Already, Trump announced he will slap a new 25% across-the-board tariff on imports from Mexico and Canada as well as an additional 10% tariff on Chinese imports the very day he’s inaugurated.
And on the campaign trail, he pledged to levy a 60% tariff on all goods imported from China and a 10% to 20%
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