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Trump says he will announce reciprocal tariffs on many countries next week

  • President Donald Trump plans to announce reciprocal tariffs on many countries next week, as stated on February 7.
  • Trump is considering tariffs on automobiles and has criticized the European Union's value-added tax as unfair.
  • The president's tariffs aim to address trade deficits and ensure the U.S. Is treated evenly with other countries.
  • Critics warn that tariffs could lead to higher consumer prices and retaliatory measures from other nations.
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