In a bold admission, former President Donald Trump has acknowledged that his newly imposed tariffs on Canada, Mexico, and China may lead to significant disruptions.
While Trump has claimed that the tariffs are aimed at addressing issues like fentanyl and illegal immigration, the president admitted that they could cause short-term disruptions, especially in Canada and China.
The 25% tariffs on imports from Canada and Mexico, combined with an additional 10% tariff on Chinese goods, are expected to impact consumers and businesses.
The potential economic ripple effects are raising concerns about price hikes and trade tensions, as both Canada and China prepare for retaliatory actions.
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