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Trump announces radical global tariffs, risking a commercial war and inflation


The president of the United States, Donald Trump, announced plans to sweep tariffs on Wednesday, saying that “our country has been looted, looted, raped, looted” by other nations. The aggressive rhetoric occurred when Trump showed a will to dismantle a global economic system that the United States helped build after World War II. Trump said that the United States would charge a 34% tax on imports from China, a 20% tax on imports from the European Union, 25% in South Korea, 24% in Japan and 32% in Taiwan.
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