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Looming Trump tariff deadline sparks higher costs fears

  • U.S. President Donald Trump announced potential tariffs on all nations, creating fears of a global trade war and causing significant drops in global stock markets.
  • Trump indicated that tariffs would likely include a 25% tariff on cars entering the U.S. On what he called 'Liberation Day.'
  • Goldman Sachs increased its forecast of U.S. Recession risk to 35% due to tariff uncertainties and rising inflation concerns.
  • Responses from other nations include the European Union preparing countermeasures, with experts warning that retaliatory tariffs could harm both the U.S. And U.K. Markets.
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negocios.com broke the news in on Sunday, March 30, 2025.
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