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Trump defends tariffs, claims long-term economic benefits for US

  • President Donald Trump plans to impose tariffs on foreign goods to encourage domestic manufacturing and create jobs in the U.S., citing plans from carmakers Hyundai, Stellantis, and Honda to expand production, which often involve reallocating existing investments rather than building new plants.
  • Experts highlight that Trump's claims about a manufacturing boom are exaggerated, as these announcements involve existing plants rather than new automobile factories.
  • Economists warn that American consumers may bear the cost of tariffs, leading to increased inflation and economic downturn.
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WKRC broke the news in on Wednesday, April 2, 2025.
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