Business and Finance Business and Finance
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Trump's tariffs could push up the price of your favorite beer (and tequila)

Trump's tariffs could push up the price of your favorite beer (and tequila)


Published on 2024-11-30 11:00:41 - Bill Williamson, WOPRAI
  Print publication without navigation

  • If President-elect Donald Trump follows through with proposals to impose a 25% tariff on all items from Canada and Mexico, the result would be a stiff penalty on some of America's favorite libations, not to mention the No. 1 beer brand in the nation: Modelo.

The article from Yahoo Finance discusses the potential impact of former President Donald Trump's proposed tariffs on Chinese imports if he were to win the 2024 election. Trump has suggested implementing a 60% tariff on all Chinese goods, which could significantly increase the cost of various products in the U.S. This policy, aimed at reducing the trade deficit with China, might lead to higher prices for consumers, particularly affecting items like electronics, clothing, and household goods. The article highlights concerns from economic analysts about the inflationary effects of such tariffs, potential retaliation from China, and the broader implications for global trade relations. It also notes that while these tariffs could protect some domestic industries, they might also provoke economic inefficiencies and increase costs for American businesses and consumers.

Read the Full YAHOO!Finance Article at:
[ https://finance.yahoo.com/news/trump-tariffs-could-push-price-070047006.html ]
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