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TARIFF OVERHANG

28th February 2025

By: Darlene Creamer

     

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TARIFF OVERHANG: While economists are warning that President Donald Trump’s proposed reciprocal tariffs are bad not only for world trade but for American consumers, the White House continues to see them as a core revenue-raising tool as it prepares to cut domestic taxes. The risk of an all-out trade war is, thus, higher than it has been for decades and, worryingly, trade wars are often followed by real ones.

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