Many economists already believe it’s a matter of time before Americans start to see sticker shock from the tariffs President Donald Trump has enacted. That timeline could speed up even more if Trump follows through with his latest package of tariff threats slated to take effect in three weeks.
For the past three months, most imported goods have been subject to a minimum 10% tariff after Trump paused his “reciprocal” taxes on dozens of nations. And steel, aluminum, cars and car parts from across the globe have been subject to separate levies starting
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