In keeping with the president's motto of "promises made, promises kept," Donald Trump is taking action on tariffs. In his first weeks in office, he announced tariffs on Canada, Mexico and China – and in early March, he pushed these through.
Most economists believe the effects will likely include a stronger dollar, higher inflation and interest rates, a decline in growth for countries that export to the U.S., and retaliation by at least some of them. In the short term, the fallout will probably depress the profits of American companies with strong sales abroad.
