Local Voices
Consumers Wonder How Trump's Tariff Proposal Could Impact Massachusetts
Economists say the tariffs would act like a tax on American consumers, raising prices on any number of products.
November 27, 2024
NORWOOD—President-Elect Donald Trump took to social media on Monday, vowing to slap a 25% tariff on Canadian and Mexican goods coming into the United States on day one of his new administration until the countries agree to curb their "ridiculous open borders." The former president also promised to add a 10% tariff on goods coming from China.
Find out what's happening in Across Massachusettsfor free with the latest updates from Patch.
China, Mexico, and Canada are the three largest importers into the United States. Mexico and Canada's top imports include computers, cars, car parts, crude petroleum, and petroleum gas, according to the Observatory of Economic Complexity.
Economists say the tariffs would act like a tax on American consumers, raising prices on any number of products.
Find out what's happening in Across Massachusettsfor free with the latest updates from Patch.
Click here for the full story via CBS Boston
CBS Local Digital Media personalizes the global reach of CBS-owned and operated television and radio stations with a local perspective.
