tariffs imposed by the Trump administration ballooned by 123% over 2017 to $71 billion. Those fees, paid for by American importers of foreign products such as steel manufacturers in the U.S., have essentially increased the cost of production—theoretically driving down demand for foreign goods in order to bring new trade agreements. In the interim, these tariffs are bruising the economics of sectors from farming to manufacturing.
[Pictured: Container loading in a cargo freight ship.]
tariffs imposed by the Trump administration ballooned by 123% over 2017 to $71 billion
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