Welcome to Trump’s tariff era. It’s going to be a bumpy ride
Feb 03, 2025
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One news story talks about tariffs, which are taxes on imported goods, and how they can affect the economy. President Trump has put tariffs on goods from Mexico, Canada, and China. This can make prices go up on things we buy. The story explains that tariffs can cause inflation, which is when prices go up. This can hurt businesses and make the stock market drop.
The story also mentions that other countries might raise their own tariffs in response. This can start a trade war where countries try to hurt each other's economies. The story ends by saying that some people believe tariffs will help the U.S. economy in the long run, while others think they could cause problems. The outcome is uncertain, and we will have to wait and see what happens.