Myths Regarding Impact of Tariffs’ Impact on the Global Economy Economy
NC State SCRC
DECEMBER 17, 2024
With a new Trump administration coming into power in January 2025, one of the biggest fears that businesses are waiting to hear about is tariffs. President-elect Trump has offered that he will be instituting 10% tariffs on China, 25% on Mexico and Canada, and perhaps other tariffs, including on Korean products. He has stated that his intent is to increase the number of manufacturing jobs in the United States.
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