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Trump’s April 2 tariff announcement set a 10% baseline duty on imports from nearly all countries, with higher country-specific rates for many trading partners. The move jolted markets, drew warnings of retaliation, and raised fresh fears of a wider trade fight.
Why it matters: Tariff shock
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Trump’s April 2 tariff announcement set a 10% baseline duty on imports from nearly all countries, with higher country-specific rates for many trading partners. The move jolted markets, drew warnings of retaliation, and raised fresh fears of a wider trade fight.
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