Wall Street Journal (November 26)
2024/ 11/ 27 by jd in Global News
“Trump’s promise to impose 25% tariffs on Canada and Mexico and an additional 10% on Chinese imports on the first day of his presidency could lead to higher prices, just as the country appears to be turning a corner on inflation.” Economists at Yale’s Budget Lab calculated that these tariffs, combined with the three countries’ expected retaliatory measures, “would raise U.S. consumer prices by 0.75% next year,” which would “amount to more than $1000 in lost purchasing power per household.”
Tags: $1000, Canada, China, Consumer prices, Economists, Imports, Inflation, Mexico, Purchasing power, Retaliatory measures, Tariffs, Trump, U.S., Yale
