How Trump’s Trade Deals Could Impact Jobs, Prices and Inflation
After months of sparring over tariffs, the Trump Administration says it has reached a deal with China on trade negotiations, but many businesses and consumers are still feeling uncertain about the economy. The deal imposes 55% tariffs on most Chinese imports, down from President Trump’s earlier 145% tariffs that would have made it prohibitively expensive for many U.S. businesses to import goods from China, our second-largest trading partner. The back-and-forth trade policies have left businesses ranging from souvenir shop owners in Chinatown to big box stores unsure how to plan for the…
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