CNN
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President Donald Trump on Wednesday launched a US trade war with every country via a barrage of tariffs that are set to go into effect almost immediately. American consumers and businesses stand to pay a hefty price for that battle.
For the first time since Trump’s return to the Oval Office, it’s not a question of what could get more expensive due to tariffs but rather a matter of when. And the short answer to what could get expensive is, well, everything.
Assuming Trump proceeds with the plans he laid out on Wednesday — and he has said there is no room for negotiation — only certain goods from Mexico and Canada have a shot at avoiding any tariffs. Otherwise, all countries’ goods will be subject to a minimum 10% tariff, with rates going much higher for 60 countries the administration deems the “worst offenders” in terms of trade barriers....
