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Business & Economics

In Speech to Congress, Trump Promises More Tariff Madness

Reason Magazine
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63% Informative

President Donald Trump announced new tariffs on all imports from Canada and Mexico on Tuesday night .

The tariffs could raise tax revenue for the Treasury , but Americans will bear the brunt of the higher costs.

Trump 's plan for reciprocal tariffs would cause more economic pain and could be the biggest tax increase since WWII .

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