Learn English: Tariffs: Why Prices Are Going Up (normal)

4 days, 10 hours ago

Tariffs: Why Prices Are Going Up

New tariffs on goods from Mexico and China are causing price hikes in many stores.

Target and Best Buy's CEOs have announced that consumers will likely see these price increases soon.

These tariffs affect the cost of imported products, potentially impacting everything from groceries to electronics.

The added cost of imports will reduce company profits and could lead to fewer choices for shoppers.

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Source

Original: Fox Business

Tags

#tariffs #trade war #inflation #consumer prices #retail

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