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'Hard to say we're not worried': Kiwi toy billionaire Nick Mowbray faces $3b tariff bill

  • Donald Trump's administration initiated tariffs, leading to economic uncertainty in April 2025.
  • Trade restrictions and the potential for additional levies prompted companies to halt shipments.
  • Indian exporters saw a temporary reprieve, but the possibility of a 10% tariff remains a concern.
  • Steve Lamar stated that tariffs are a tax paid by U.S. Importers and passed to end consumers.
  • Economists warn that tariffs could reduce long-run GDP and increase consumer interest in resale markets.
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  • 38% of the sources are Center, 38% of the sources lean Right
38% Right
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Reason broke the news in United States on Monday, April 14, 2025.
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