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US Trade Account Balance And The Imposition Of Tariffs

Summary by Tippinsights
By Frank Shostak, Mises Wire | May 05, 2025 On Wednesday, April 2, 2025, the US President Trump announced that he will apply at least a 10 percent tariff on all exporters to the US, with even higher duties on some 60 nations, to counter large trade imbalances with the US. That includes some of the country’s biggest trading partners, such as China—which now faces a tariff of well above 50 percent on many goods—as well as the European Union, Japan…

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tippinsights broke the news in on Wednesday, May 7, 2025.
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