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Americans face price hikes from Trump tariffs on China, Canada and Mexico, admits his commerce chief

The article discusses the impact of tariffs imposed by former President Donald Trump on imports from China, Canada, and Mexico, as acknowledged by his Commerce Secretary, Wilbur Ross. These tariffs, which were part of Trump's "America First" trade policy, have led to increased prices for American consumers on a variety of goods including steel, aluminum, and various consumer products. Ross admitted that while the tariffs were intended to protect American industries and jobs, they have resulted in higher costs for businesses and consumers. This has sparked a debate over the effectiveness of these trade measures, with critics arguing that the tariffs have not only failed to significantly reduce the trade deficit but have also contributed to inflation and strained international trade relations. The article highlights the ongoing economic implications and the political debate surrounding these trade policies.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/americans-face-price-hikes-from-trump-tariffs-on-china-canada-and-mexico-admits-his-commerce-chief/ar-AA1AcrJE ]