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White House considering roughly 20% tariff on most imports, report says

  • U.S. Stock indexes are expected to open lower as investors anticipate new tariffs from the Trump administration on imports, with a proposal for a 20% tariff drafted by White House aides.
  • President Donald Trump stated the tariffs are intended to combat unfair trade practices and claimed they would raise over $6 trillion in federal revenue.
  • Goldman Sachs forecasts a 35% chance of recession in the U.S. Due to the tariffs, predicting economic growth to slow and unemployment to rise.
  • Economists widely oppose the tariff plan, citing potential job losses and a drop in stock market value, with projections of more than 5 million jobs lost by early 2027.
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UNILAD broke the news in on Monday, March 31, 2025.
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