U.S. President-elect Donald Trump pledged Monday to quickly impose tariffs on China, Mexico and Canada – the country’s top three trade partners – raising the prospect of trade wars and higher prices for U.S. consumers.
U.S. President-elect Donald Trump pledged Monday to quickly impose tariffs on China, Mexico and Canada – the country’s top three trade partners – raising the prospect of trade wars and higher prices for U.S. consumers.
really depends on what Mexico and China etc decide to do. For example if China were to print 25% more of their currency then there would be no effect on US consumers but Chinese citizens would get some more inflation. Considering the state of the Chinese economy at the moment, that’s not out of the realm of possibility.