Trump implements threatened tariffs

261.081 - 283.374

It's a risky gamble, again, because countries could retaliate and it could lead to some sort of a trade war. The U.S. imports a lot of goods from China and Canada and Mexico. Think about the auto industry. Wolf Research says that it could lift the price of a typical car by some $3,000. That could devastate the car industry and disrupt supply chains. Then there's the issue of gasoline prices.