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What tariffs could mean for US workers, consumers and the economy

  • President Trump's tariffs have negatively impacted the stock market and affected farmers, autoworkers, and small businesses.
  • China announced a 34% retaliatory tariff on U.S. Goods starting April 10, increasing the costs for U.S. Crops.
  • The average tariff rate is projected to rise to 18.8% in 2024, the highest rate since 1933, affecting American households.
  • The U.S. Domestic shrimp industry welcomed Trump's actions, seeing it as a recognition of unfair trade issues.
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  • 65% of the sources are Center
65% Center
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GlobalData broke the news in on Thursday, April 3, 2025.
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