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/ Enterprise
By CHRISTOPHER RUGABER, , AP Economics Author,
Printed: April 3, 2025, 1:37pm
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Worker Jonathon Cortez helps a buyer discover steel screws at employee-owned Clark Devon {Hardware}, Wednesday, April 2, 2025, in Chicago. (AP Photograph/Erin Hooley)
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WASHINGTON (AP) — President Donald Trump’s expansive new tariffs flips on its head a decades-long international pattern of decrease commerce boundaries and is probably going, economists say, to lift costs for People by hundreds of {dollars} annually whereas sharply slowing the U.S. economic system.
The White Home is playing that different international locations may even undergo sufficient ache that they’ll open up their economies to extra American exports, resulting in negotiations that would scale back the tariffs imposed Wednesday.
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