Trump has already declared that on the day of his inauguration, he will impose a new 25% general tax on imports from Canada and Mexico in addition to an extra 10% tariff on imports from China.
Additionally, he promised throughout the campaign to impose a 60% tariff on all Chinese imports and a 10%–20% duty on all other imports.
Prices for almost everything that isn’t produced fully in the US, of which there aren’t many products, might rise sharply as a result of such levies.
With all of the Black Friday and Cyber Monday sales, you might be wondering whether there are any purchases you can make now to save money later.
