Trump's Tariff Plans Signal Big Changes For US Manufacturers

President-elect Donald Trump is advocating for a significant increase in tariffs aimed at revitalizing American manufacturing. He envisions a “manufacturing renaissance” that would make domestically produced goods more attractive by raising the prices of imports. USA TODAY reports that while some manufacturers support this initiative, fearing competition from low-cost foreign goods, economists caution that tariffs could have adverse effects, including rising inflation and interest rates.