Trump, Liberation Day and tariff
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USA TODAY |
Tariffs increase the cost of those goods for consumers.
USA Today |
Reciprocal tariffs are calculated to balance bilateral trade deficits between the U.S. and each of its trading partners.
The New York Times |
China, for example, will add a new 34 percent tariff on top of a previous blanket import tax imposed on the country’s goods earlier this year.
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U.S. stocks opened down Friday morning after China announced retaliatory tariffs overnight, continuing a tumble beginning after Wednesday's announcement. JP Morgan now calculates a 60% chance for a recession this year.
2don MSN
President Donald Trump says his tariff announcements slated for Wednesday will amount to a “Liberation Day” for the United States.
President Donald Trump announced reciprocal tariffs and a 25% tariff on car imports on his much-anticipated "Liberation Day" tariff rollout.
HighGround Dairy charged that “Trump's Liberation Day” was “Adding to already turbulent trade discussions between the U.S. and other nations."