TOKYO -- Tariffs proposed by President-elect Donald Trump would drag down U.S. gross domestic product by 1.1% in 2027 via their impact on prices and employment, according to a Nikkei estimate.
Trump administration
Trump tariffs seen backfiring with 1% hit to U.S. GDP: Nikkei analysis
Japan likely to receive 0.2% boost, and ASEAN members also to benefit
U.S. President-elect Donald Trump has pledged to impose 25% tariffs on Mexican and Canadian imports and an additional 10% duty on goods from China.
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