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Opinion

Understanding Trump’s tariffs: Could they weaken the US economy?

President Trump’s tariffs could be costly to his country, writes Peter Watson.

Insidehaltoncom
1 min to read
Article was updated
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Peter Watson

Peter Watson, of Watson Investments, writes a weekly column called Dollars & Sense.

In simple terms, a tariff is nothing more than a tax that the United States charges on goods imported into the country.

For example, if an Ontario wine producer exported its product to the U.S., it would be sold like any other product in its country. The only difference is that in addition to paying the price of the bottle of wine, the customer would also be charged a tariff tax.

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Peter Watson
Peter Watson

, of Watson Investments MBA, CFP®, R.F.P., CIM®, FCSI offers a weekly financial planning column, Dollars & Sense. He can be contacted through www.watsoninvestments.com.

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