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Battered but resilient job market faces a new test in Trump tariffs

  • President Donald Trump announced tariffs on imports, claiming globalization has harmed U.S. Manufacturing towns.
  • Economists predict that tariffs could raise consumer prices and negatively affect low-income households.
  • The new tariffs include 20% on the EU, 24% on Japan, and 54% on China, with potential retaliatory tariffs warned.
  • Experts cautioned that reduced competition might lead to less exceptional economic growth.
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Rockdale Citizen & Newton CitizenRockdale Citizen & Newton Citizen
+37 Reposted by 37 other sources
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Trump tariffs to test resiliency of US consumers

In unveiling tariffs this week challenging the decades-old international trade order, President Donald Trump lambasted globalization as a raw deal for the United States that has devastated US manufacturing towns.

·Georgia, United States
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tippinsights broke the news in on Thursday, April 3, 2025.
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