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How will higher tariffs impact U.S. consumer goods prices by end of 2024?
5
Resolution / Starting Odds
No significant change • 33%
Moderate increase in prices • 33%
Significant increase in prices • 34%
U.S. Consumer Price Index reports
Story
U.S. Trade Chief Recommends Higher Tariffs on Chinese Goods to Address 'Unfair' Practices
May 14, 2024, 09:07 AM
U.S. Trade Representative Katherine Tai has recommended raising tariffs on a range of Chinese goods, stating that additional actions are needed to address China's 'unfair' trade practices. Tai emphasized that further measures beyond tariff changes are required to combat these practices. The recommendation, made on Tuesday, May 14, 2024, highlights ongoing tensions between the U.S. and China regarding trade policies.
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