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Trump announces sweeping new tariffs risking inflation and trade wars

· 8 min read

Trump announces sweeping new tariffs, risking inflation and trade wars​

President Donald Trump on Wednesday announced far-reaching new tariffs on nearly all U.S. trading partners — a 34% tax on imports from China and 20% on the European Union, among others — that threaten to dismantle much of the architecture of the global economy and trigger broader trade wars.

Trump announces sweeping new tariffs, risking inflation and trade wars