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News in English (USA) / 19.11.2024 / 21:00

Concerns Mount Over Proposed Trump Tariffs and Their Economic Impact

Recent discussions have centered around the proposed tariffs by Trump, with experts warning that they could significantly raise prices on various products, including those at major retailers like Walmart. The CFO of Walmart indicated that if these tariffs take effect, consumers might face higher prices, potentially up to an additional $7,600 annually. As businesses prepare for these changes, a growing list of companies is voicing concerns about the implications for supply chains and costs. Notably, sectors such as manufacturing and retail are bracing for the potential disruption and economic unpredictability associated with the tariffs, leading some firms to rush their imports and reconsider their pricing strategies. Amidst these challenges, business owners across the U.S. are actively engaging lobbyists to mitigate the impact of this trade policy and searching for loopholes within the proposed framework. The looming tariffs have created a climate of uncertainty, as stakeholders gauge how these trade tensions might reshape the economic landscape.
ABC News, Financial Times, Reuters, Quartzy, CNBC, Newsweek, USA TODAY, Fast Company, Miami Herald, Foreign Policy