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Tuesday, June 25, 2024

Biden and Trump share a faith in import tariffs, despite inflation risks

Biden and Trump share a faith in import tariffs, despite inflation risks

Both candidates’ trade plans focus on tariffs on imported Chinese goods even as economists warn they could lead to higher prices.

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Promising to make things more expensive when consumers already are angry over high prices might seem an unusual political strategy. But it’s one that both President Biden and former president Donald Trump are choosing.

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