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Trump announces 10% baseline tariff on all imports, higher 'reciprocal' tariffs against select countries

  • President Donald Trump announced a 10% baseline tariff on imports and higher rates against some countries with trade surpluses, fulfilling a campaign promise to narrow the tariff gap with foreign nations.
  • Trump claimed that America's trading partners have engaged in unfair practices, stating, "They've been taking advantage of the United States for decades," which prompted his tariff decisions.
  • Critics argue that Trump's tariffs could harm American businesses and consumers, with William Reinsch stating, "The president’s claims about trade are a huge exaggeration," while Robert D. Atkinson remarked that the approach makes no sense by targeting allies.
  • Economists warn that these tariffs may lead to higher prices for consumers and possibly a reduction in purchasing as Americans react to increased living costs.
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Countries eye trade talks as Trump tariff blitz roils markets

Major US trade partners pilloried US President Donald Trump's global tariffs onslaught on Thursday, but left the door open to negotiations as markets tanked over fears his trade war would damage the world economy.

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npr broke the news in Washington, United States on Wednesday, April 2, 2025.
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