The Impact of Tariffs on Consumers and Businesses
25 May 2025
#tariffs #consumers #businesses #trade war #economy
The recent imposition of tariffs on steel and aluminum imports from Canada, Mexico, and the European Union, as well as Chinese goods, has sparked concerns of a potential trade war and has already led to retaliatory measures. These tariffs have caused companies to announce price increases on their products, resulting in higher production costs and potential negative impact on the economy.