U.S. tariffs, retaliation will raise prices, economists say

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March 7 (UPI) -- The newly imposed tariffs President Donald Trump has placed on Canada, China and Mexico will cause increased prices, job losses and slowing business, economists say. After a short lapse, Trump put 25% tariffs on Canada and Mexico and a 10% tariff on China into effect. The move has sparked what Joshua Gotbaum, an economist with the Brookings Institute, describes as a trade war. Advertisement "Each side is doing economic damage to the other," Gotbaum told UPI. "This is the reason

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U.S. tariffs, retaliation will raise prices, economists say https://www.upi.com - 07.03.2025 14:04

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U.S. tariffs, retaliation will raise prices, economists say https://www.upi.com - 07.03.2025 14:04