To Liz, please:I have been putting off buying new kitchen appliances for a long time, but now that President-elect Donald Trump has proposed tariffs, I’m not sure if it’s the right time. I’m not sure when the new tariffs would go into effect if he goes through with his intentions.
Answer: Import taxes of up to 100% might significantly raise the price of a variety of consumer goods, such as automobiles and appliances. It’s still unclear, though, how, when, or even if these tariffs will be implemented.
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