President Trump’s new tariffs have sparked backlash from Mexico, Canada, China, and Democratic lawmakers in the U.S., setting the stage for a potential trade war. The tariffs, set to go into effect later this week, have raised concerns about rising prices on a range of consumer goods.
NBC News’ Yamiche Alcindor reports on the growing tensions surrounding the new tariffs, highlighting the potential impact on global trade relations. Meanwhile, NBC News’ Christine Romans explains how these tariffs could lead to price increases on essentials like gas, cars, food, and electronics.
The repercussions of these tariffs are far-reaching, with experts warning that consumers could see higher costs on everyday items. Smartphones and gaming consoles, in particular, could become more expensive as a result of the trade dispute.
As countries and lawmakers react to President Trump’s latest economic policies, the future of international trade remains uncertain. With the threat of rising prices looming, it is essential for consumers to stay informed and prepared for potential changes in the market.
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Video “Backlash to Trump's new tariffs and rew risk to rising prices” was uploaded on 02/03/2025 to Youtube Channel NBC News