Trump doubles down on tariffs as economists warn of rising consumer costs
President Donald Trump is defending his escalating tariff strategy—even as American consumers begin to feel the pinch.
(CNN)- President Donald Trump is defending his escalating tariff strategy—even as American consumers begin to feel the pinch. Trump announced he is likely to impose new duties on pharmaceutical imports by the end of the month, with rates that could eventually climb as high as 200 percent. He also confirmed plans to implement a 19 percent tariff on goods from…