The 2-Minute Rule for Marketplace
The 2-Minute Rule for Marketplace
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Want to know more details on tariffs? We’ve answered a few of the major-photo questions down below, with assistance from Ajay Mehrotra, a professor of tax regulation and economic background at Northwestern University.
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At this rally, Trump announced that if elected he would impose tariffs on goods from Mexico to pressure the country into securing the border it shares with the U.S. Ryan M. Kelly/AFP via Getty Pictures
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“Each of the historical proof demonstrates that trade wars are usually not good. They’re not good for Intercontinental relations,” claimed Mehrotra. “There’s fantastic evidence that Jewellery they also induce both of those domestic and world economic turmoil and uncertainty.”
“When Trump suggests that he’s likely to put a 100% tariff on a little something like Chinese goods, and (he says) it’s the Chinese companies who are likely to fork out it, we must be pretty doubtful of that assert.” Mehrotra reported.
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