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Trump’s opening tariff salvo will hurt US consumers − following through on Canada, Mexico threats will increase the price pain

By Jason Reed, Associate Teaching Professor of Finance, University of Notre Dame

If U.S. voters reelected Donald Trump hoping for relief from higher prices, his recent threats to impose tariffs on America’s three largest trade partners might make them think again.

On Saturday, Feb. 1, Trump announced 25% tariffs on Canada and Mexico and 10% tariffs on China, which he said would take…

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