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Automakers and parts suppliers would struggle if President-elect Donald J. Trump followed through on his threat to impose 25 percent tariffs on imports from Canada and Mexico.
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President Claudia Sheinbaum suggested Tuesday that Mexico could retaliate with tariffs of its own, after U.S. President-elect Donald Trump threatened to impose 25% tariffs on Mexican goods if the country doesn't stop the flow of drugs and migrants across the border.
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NPR's Leila Fadel talks to David Wessel, who directs the Hutchins Center at the Brookings Institution, about where the administration is going on the economic policy front.
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President-elect Trump wants to roll back spending that Congress has already approved. But a 1974 law may stand in his way.
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The dollar gained and investors sold off stocks after the president-elect promised to levy new restrictions on the United States' biggest trade partners.
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