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Industry mixed on Trump’s blanket tariffs

  • President Trump announced tariffs on Wednesday, April 2, 2025, impacting numerous industries.
  • Trump stated tariffs were vital to counter the US's policy of unilateral economic surrender.
  • The tariffs included a baseline of 10% on imports and up to 34% on specific countries.
  • Neil Bradley of the U.S. Chamber of Commerce stated that broad tariffs are a tax increase.
  • The tariffs are projected to increase consumer prices, disrupt trade, and potentially force plant shutdowns.
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Manufacturing Dive broke the news in on Thursday, April 3, 2025.
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