CNN —
American consumers and businesses stand to pay a hefty price for the tariffs President Donald Trump enacted on the nation’s top three trading partners.
With only a slim exemption for some Canadian energy products, everything the US imports from those three nations is subject to tariffs of at least 20%, in the case of China, and 25% for Mexico and Canada.
Americans won’t necessarily feel the effects of tariffs immediately but the import taxes could raise prices of just about everything, especially given that over 40% of the goods America imported last
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