donald-trump

Trump Tariffs Could Cost Consumers $79B

Americans could face a loss of US$46 billion to US$78 billion in spending power each year if newly re-elected President Donald Trump makes good on his promise of new tariffs on imports, according to a recent study by the National Retail Federation.Trump’s proposals include a 10 percent to 20 percent tariff on imports from all countries, and an audacious 60 percent to 100 percent tariff specifically targeting China.“Retailers rely heavily ... [+]