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Written by Andrew Lokenauth on 2025-02-03 at 03:16

3/ The implementation of broad tariffs could have significant inflationary and economic effects:

• Core prices could increase by 0.7%

• Inflation might jump from 2.9% to as high as 4%

• Energy costs could rise due to tariffs on Canadian oil and gas imports

• Potential reduction in U.S. GDP by 0.4%

• Disruption of established supply chains

• Decreased consumer spending power

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