President Donald Trump on Wednesday backed off his tariffs on most nations for 90 days even as he further jacked up the tax rate on Chinese imports to 125%. Arizona’s Morning News asked ABC News White House correspondent Karen Travers if the tariffs were all about China. Jim Sharpe and LaDona Harvey also spoke with Valley economist Jim Rounds to see if and how American consumers should prepare for the more market manipulation.
Trump Has Announced New Tariffs. This Economist Says It’s Bad News for Arizona
President Trump on Wednesday announced new tariffs, ranging from 10% to nearly 50% on goods coming into the U.S. Some global markets have already shown effects of the move; European and Asian stock markets opened lower today, as did those in this country. Jim Rounds,...
