Trump proposes tariffs on imports sparking debate over economic impact

Donald Trump has proposed a 10% tariff on all imports, with a 60% tariff specifically on Chinese goods. This has sparked debate about who will bear the cost, with conflicting views on whether it will be China or U.S. consumers. Economists agree that tariffs will raise domestic production but also increase prices for consumers. The impact will vary across different sectors, with some industries benefiting while others face higher costs and reduced competitiveness in global markets. The proposed tariffs could lead to shifts in production, with some manufacturing moving to other countries. However, the overall efficiency of the U.S. economy may decline, resulting in losses that outweigh any gains for certain groups.