US Edition5 key details in Trump’s global tariffs order
- Donald Trump announced new tariffs on U.S. Imports on April 2, 2025.
- These tariffs aim to rebalance the U.S. Trade deficit, addressing a national emergency.
- The plan includes a universal 10% levy alongside country-specific duties, like 34% for China.
- The baseline tariff starts Saturday, while country-specific rates begin April 9; goods en route are exempt.
- Analysts suggest tariffs could raise consumer prices and slow 2025 growth, impacting global supply chains.
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Trump chose last minute the scope of global tariffs after a range of formulas
The tariffs that the US imposed on a long list of countries, which have shaken the markets and surprised by their harshness, are the result of a decision made by President Donald Trump, less than three hours before making them known, following his own instinct, within a range of options presented by his advisors.
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