New Trump Tariffs: What CT Residents Need To Know
- President Trump announced reciprocal tariffs on nations trading with the U.S. On Wednesday.
- Trump aims to correct unfair trading practices and reduce the U.S. Trade deficit.
- These tariffs include 25% on automobile imports and duties on beer and aluminum.
- Trump stated, "It's our Declaration of Economic Independence," about the new tariffs.
- Experts expect retaliation and increased costs for consumers and businesses, with recession odds increasing.
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ExplainSpeaking: Trump’s reciprocal tariffs — impact on India, rest of the world
Trump Reciprocal Tariffs Announcement: Several countries with low per capita incomes have been hit by the highest tariffs. The tariffs will almost certainly have very significant economic consequences for the US and the rest of the world. There could be high inflation, slower growth, and worse. Here’s how.
·India
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Total News Sources68
Leaning Left10Leaning Right6Center11Last UpdatedBias Distribution41% Center
Bias Distribution
- 41% of the sources are Center
41% Center
L 37%
C 41%
R 22%
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