Roundup: Trump's tariff threats could lead to price hikes, complicate global trade, economists say

NAMPA / Xinhua

2024-11-28

BEIJING, Nov. 28 (Xinhua) -- U.S. president-elect Donald Trump said on Monday that he would impose a 25-percent duty on imports from Canada and Mexico until they clamped down on drugs and migrants crossing the border. Critics argue the tariffs would harm economic cooperation and strain relations between the United States and its closest trading partners. Economists say that businesses will have few options but to transfer the added costs to......

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