Donald Trump imposes stiff tariffs on Canada, Mexico, and China: Here are the products that will become very costly; Americans' after-tax income will reduce by 1%
- Posted on March 4, 2025
- By Business News Today
- 2 Views
Donald Trump imposes stiff tariffs on Canada, Mexico, and China: Here are the products that will become very costly; Americans' after-tax income will reduce by 1%
President Trump declared that imports from Canada and Mexico will incur a 25% tariff and a 10% tariff for Chinese imports starting from Tuesday. The move would hike the costs of cars, electronics, appliances, and groceries and impact American consumers' budgets and dampen their buying power.
