SEATTLE - For months, former President Donald Trump has said that, in case of winning this year's presidential election, he would impose tariffs on key U.S. trade partners such as Mexico. With such economic policy in place, analysts and experts believe the proposed tariffs would have a more consequential impact on the lives of the American people than it would on the companies being taxed.
But experts analyzing Trump's tariff idea are not thrilled, as they say such decisions would push U.S. import duty rates back up to levels not seen in generations, as well as draw retaliation from trade partners and drastically reorder supply chains.
