Donald Trump is promising big tariffs. Businesses are ready to hike prices

Photo caption: Former President Donald Trump. Photo credit: Joe Raedle / Getty Images. Article by William Gavin. Quartz – updated October 31, 2024.

If former President Donald Trump wins the presidential election next week and returns to the White House, he’s poised to massively raise tariffs on foreign imports. U.S. companies are readying their response — raising prices on consumers. […]

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