Tariffs — a form of tax on imports from other countries — are used to protect domestic industries or to retaliate against unfair trade practices.
With President-elect Donald Trump vowing to use tariffs against trading partners like China, Canada, Mexico and even the European Union once he takes office on January 20, I thought it was prudent to illustrate how previous tariffs have affected the stock market.
To everyday Americans, the real question is: How will tariffs impact me and my investments?
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