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America's favorite beer, avocados, gas and cheap stuff from Temu will get more expensive as economists warn of Trump tariffs impact

The article from MSN discusses the potential economic impacts of former President Donald Trump's proposed tariffs if he were to return to office. Trump has suggested implementing a 10% tariff on all imports and a 60% tariff specifically on Chinese goods. Economists warn that these tariffs could significantly increase the prices of various consumer goods in the U.S. Items like beer, avocados, and products from the online marketplace Temu could become more expensive. The article highlights that these tariffs would not only affect direct imports but could also lead to retaliatory tariffs from other countries, potentially disrupting global trade. Furthermore, the increased costs would likely be passed on to consumers, affecting everyday items and possibly leading to higher inflation. The discussion also touches on the broader implications for international trade relations and the potential for economic retaliation from trading partners.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/america-s-favorite-beer-avocados-gas-and-cheap-stuff-from-temu-will-get-more-expensive-as-economists-warn-of-trump-tariffs-impact/ar-AA1yihGu ]