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The potential impact of Trump's tariff plans on St. Thomas EV factory

  • Donald Trump threatens to impose 25% tariffs on imports from Mexico and Canada, potentially contradicting his pledge to reduce inflation for American families.
  • Economists predict that companies would pass increased costs to consumers, raising prices on food, clothing, and automobiles.
  • Tariffs may lead to job losses in the U.S. Hospitality industry while also increasing food prices further, as stated by the council.
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  • 38% of the sources are Center
38% Center
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