US President Donald Trump has unveiled his long-awaited “reciprocal” tariff plan, in a move that sent financial markets reeling amid growing fears of a global trade war.
On Wednesday, Trump announced a 10 percent “minimum baseline tariff” on nearly all imports into the United States. Higher duties on targeted countries will be phased in shortly afterwards.
He claimed the new import taxes were designed to reduce trade deficits and bring foreign manufacturing back to US shores. He also…
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News Source: www.aljazeera.com
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