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The 10 Biggest Billionaire Losers Of The Tariff War So Far

  • The President stated that tariffs will bring nearly $8 trillion in investment from foreign firms establishing factories in the US, aiming to benefit the economy and market.
  • Donald Trump imposed a 10 percent tariff on imports from Britain to the US, the lowest imposed on any country, while the EU faces a 20 percent tariff.
  • Trump's tariffs help some industries but generally have a negative effect on manufacturers that need to import foreign goods as parts and raw materials.
  • Trump has been criticized for the US's effective non-tariff barriers, which impose high costs on imports, but he did not discuss reducing these barriers.
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The Spectator World broke the news in United Kingdom on Wednesday, April 2, 2025.
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