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Looming Trump tariff deadline sparks higher costs fears

  • On April 2, President Donald Trump plans to impose tariffs on imports from all countries, leading to a market drop as investors react to this news.
  • Preliminary estimates indicate a contraction of 1.8% in U.S. GDP for Q1 2025, raising recession concerns amid the tariff announcements.
  • Experts warn that the tariffs could negatively impact the market more than anticipated, with significant price increases expected on foreign goods.
  • The Dow Jones Industrial Average fell by 302 points, or 0.74 percent, due to concerns over President Donald Trump's tariffs taking effect this week.
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negocios.com broke the news in on Sunday, March 30, 2025.
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