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China will also receive an additional 10% duty on its already preexisting tariffs.
Here are more details on thesenew tariffs and what they could mean for your wallet.
Theyre going to have to have a tariff, he announced from the White House.
The value of the Mexican peso and Canadian dollar also fell,CNBCreported.
AsReutersreported, CEOs and economists say these tariffs will cover over $900 billion worth of annual imports.
As a result, the entire North American economy could see setbacks.
Why was this announcement so calamitous?
This can end up slowing sales and unsettling the economy.
What Could the Impacts Be?
How soon could this impact your wallet?
This, it explained, will likely cause price increases on an array of items.
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