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Trump announces plan to impose 'fair and reciprocal' tariffs against American trading partners, including allies

  • President Donald Trump announced plans to increase U.S. tariffs to match rates other countries charge on imports.
  • Most economists warn that the tariffs will be a tax increase on U.S. Consumers and add to inflationary pressures.
  • Trump has already imposed a 10% tariff on Chinese imports due to their role in producing fentanyl.
  • Russ Vought will provide a report on the fiscal impact of these tariffs.
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  • 40% of the sources are Center
39% Center
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