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How to make sense of Donald Trump’s tariffs

  • A new set of tariffs announced by President Donald Trump will impose rates up to 50% on goods from certain countries, leading to increased prices for consumers.
  • China has declared retaliatory tariffs leading to an estimated total market drop of $6.6 trillion over two days, increasing the risk of a recession to 60 percent.
  • Experts, including Chris Barrett from Cornell University, have criticized the tariffs, stating they will hurt Americans and disrupt the economy rather than promote manufacturing growth.
  • Despite the goal to boost U.S. Manufacturing, analysts believe these tariffs may ultimately harm the economy further.
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Financial Times broke the news in London, United Kingdom on Friday, April 4, 2025.
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