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@ Yahoo! Finance - by layer3.news
2025-03-06 21:11:13
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✍️ President Trump's newly implemented tariffs and additional tariffs under consideration are disrupting trade relationships and industries are scrambling to react to the higher costs brought on by the import taxes.
👉 Tariffs on Chinese goods increased from 10% to 20%
👉 Tariffs on steel and aluminum increased from 10% to 25%
👉 Tariffs on critical imports, such as pharmaceuticals and semiconductors, increased from 10% to 25%
👉 Tariffs on European cars increased from 0% to 25%
👉 Potential retaliatory tariffs from foreign governments
👉 Potential consumer boycotts of U.S. products
#DonaldTrump #JanHatzius #WarrenBuffett #China #Canada #Mexico #EuropeanUnion #politics
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