Trump’s 25% tariffs on Mexico, Canada & China raise inflation fears
Nov. 27
President-elect Donald Trump’s plan to impose 25% tariffs on imports from Mexico and Canada, and 10% tariffs on goods from China, has sparked fears of inflation and potential trade wars. Economist Jim Lyles, President of Rounds Consulting Group, explains how these tariffs will likely result in higher costs for consumers, especially in Arizona, as these additional expenses are passed on to local residents. While tariffs are often seen as taxes on importing companies, the real burden falls on U.S. consumers and small businesses, who will feel the impact of higher prices on everyday goods.
In this segment:
Also in this episode:
SPOTLIGHT
STAY in touch
with azpbs.org!
Subscribe to Arizona PBS Newsletters:
