Trump's tariff threats are potentially much larger than during his first presidency, raising uncertainty about implications for trade and the economy.
Michael Stumo emphasized that 'there's going to be a lot more tariffs,' indicating a significant shift in Trump's approach that could disrupt trade agreements.
House Democrats are concerned about Trump's plans, warning that his tariffs could escalate inflation and lead to higher prices for essential goods.
Trump's statements about a 25% tariff on goods from Mexico and Canada could dismantle existing trade agreements, complicating relations with these neighboring countries.
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