A researcher with Goldman Sachs said he foresees “significant consequences” for US consumers under President-elect Donald Trump‘s proposed tariffs.
Trump announced that Canada and Mexico could soon see a 25 percent tariff added to all imported goods while China could face an additional 10 percent. Trump claims this is part of an effort to curtail “crime and drugs” coming into the U.S. and slow the number of illegal border crossings – but many critics are concerned it could lead to rising prices.
