Understanding Tariffs and Their Consequences

Understanding Tariffs and Their Consequences


It was billed as a “declaration of American economic independence.”

This week, President Trump unveiled sweeping tariffs on nearly everything Americans buy from overseas, reordering the global economy as we know it.

But are America — and the world — ready for the repercussions?

The New York Times journalists Michael Barbaro, Peter S. Goodman and Astead W. Herndon dissect what’s at stake for consumers and businesses caught up in the president’s trade war.



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