Trump Tariffs: "Little Pain" to Americans & US Dollar to Hurt Others? | Vantage with Palki Sharma | N18G
Donald Trump has imposed his first set of tariffs. His first targets are Canada, Mexico and China. Trump says the tariffs will bring "a little pain" to Americans. They will face inflation. But that's just the beginning. Trump's tariffs threaten to decimate industries that operate in tandem across the borders in Canada and Mexico. The food and automobile industries will suffer the most, passing along the costs to average American consumers. Meanwhile, the value of the US dollar will rise, making trade more expensive around the world.
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