President Donald Trump has signed tariffs on goods coming into the U.S. from Canada, Mexico, and China, raising the risk of a trade war with America’s closest trading partners. The tariffs are in response to a trade deficit, drug overdose deaths, and to protect American industries. Economists predict that tariffs will increase prices for consumers on a wide range of goods. The tariffs could also threaten the United States-Mexico-Canada Agreement and impact sectors like auto, agriculture, and lumber. The tariffs could lead to retaliation from the affected countries, causing further economic strain.
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