Justin Boggs is a writer for the E.W. Scripps company. Justin covers anything from politics to sports and entertainment.
President Donald Trump said he would impose 25% tariffs on items imported from Canada and Mexico and a 10% tariff on Chinese imports starting Saturday, potentially raising prices for consumers.'We'll possibly very substantially increase it, or not, we'll see how it is. It's a lot of money coming to the United States,' President Trump said from the Oval Office on Friday.
According to research released in October 2024 by Georgia State University, Arizona State University, and Colorado State University, tariffs might not only cause an increase in prices for consumers, but they can also disrupt supply chains.'While tariffs can provide some protection to certain industries, they can also create inefficiencies for the industries they were designed to protect, as well as for their supply chain partners,' the study said.
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