US EditionAuto Tariffs Lead to Major Forecast Downgrades
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Auto Tariffs Lead to Major Forecast Downgrades
New York—On April 9, 2025, US President Donald Trump put a 90-day pause on reciprocal tariffs that he had previously announced on April 2. Trump maintained the universal 10% tariff, which went into effect on April 3. The reciprocal country-specific tariffs are meant to address non-tariff barriers and match direct tariffs; the 90-day pause will enable these countries to negotiate more with the U...
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