US consumers face the possibility of higher prices for popular goods such as tomatoes, avocado and tequila following Donald Trump’s decision to slap tariffs on imports from China, Mexico and Canada.
The potential price rises point to the political risk Trump is taking in pursuing a trade policy that could drive up the costs of consumer goods following a presidential election in which voters expressed their frustration with high inflation.
The tariffs hark back to similar actions during Trump’s first term, but that was during a period of moderate inflation and the current measures are larger.
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