Consumer confidence slumps after Trump’s tariffs take effect

March 5, 2025
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Concern is growing over the impact of President Donald Trump’s trade war against the United States’ three most important trading partners: Mexico, Canada and China, who are all vowing to retaliate. Some experts predict tariffs could mean higher prices at the pump and on fruits and vegetables, while major retailers are warning higher prices may be passed onto the customer. NBC’s Christine Romans reports for TODAY.



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