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Trump's Tariff Tango: $78B at Stake
US retailers are urging shoppers to buy now to dodge President-elect Donald Trump's proposed tariffs. Imposing 25% duties on Canada and Mexico imports and 10% on China could slash consumer purchasing power by $1,200 annually. Key sectors like automotive and electronics brace for impact, potentially disrupting $3.6B daily US-Canada trade. Small businesses fear a $78 billion dip in consumer spending. While some anticipate a domestic manufacturing boost, economists warn the tariffs will primarily pinch consumers' wallets.
