Experts worry how tariffs could affect American trade and consumer costs

Experts worry how tariffs could affect American trade and consumer costs

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Business

University

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The video discusses President Trump's tariff plans, focusing on their potential impact on the economy, particularly in e-commerce. Tariffs against China are set to take effect, while those against Canada and Mexico are delayed. The suspension of the de minimis loophole, which allowed duty-free imports under $800, could lead to higher consumer prices and affect retailers like Amazon. Experts express concerns about the impact on small and medium-sized brands and the overall shopping experience for U.S. consumers.

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OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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