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December 2, 2016

Trump's tariffs on imports could be costly for consumers and businesses

  • Analysts say Trump might rethink his tough trade talk once he fully weighs the costs — not all of which would be economic.
    • By PAUL WISEMAN and JOE McDONALD
    Associated Press

    WASHINGTON — American consumers and businesses would pay — literally — if President-elect Donald Trump followed through on his campaign pledge to slap big taxes on imports from China and Mexico.

    Trump said during the campaign that he'd impose tariffs of 35 percent on Mexican imports and 45 percent on Chinese imports to protect American jobs from unfair foreign competition. Companies that import those goods would pay the tax at the border.


     
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