#TrumpTariffs

JUST IN: ๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‡ช๐Ÿ‡บ US offers EU 10% tariffs trade deal, Politico reports.

Tariffs can help local US businesses compete by raising the cost of EU imports, potentially protecting jobs and industries from cheaper foreign goods. However, consumers often bear the ultimate cost through higher prices.