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Trump says 'there'll be flexibility' on reciprocal tariffs

  • The Trump administration plans to impose a 20% tariff on Chinese imports, affecting industries, including toys, and potentially raising prices by 15% to 20%, as stated by The Toy Association.
  • President Donald Trump indicated there may be 'flexibility' on tariffs during his remarks in the Oval Office, stressing fairness in trade duties set to begin April 2.
  • The Organisation for Economic Co-operation and Development lowered its U.S. GDP growth forecasts to 2.2% for 2025 and to 1.6% for 2026, anticipating negative effects from Trump's tariff policy.
  • The Federal Reserve warned that Trump's tariffs could cause 'transitory' price increases for consumers and businesses, according to Fed Chair Jay Powell.
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The United States is the 13th customer country of the department's companies. The impact of the tariff increases due to come into force on 2 April is for the moment very vague. But the companies concerned are preparing for it, like Fermob. Established overseas in the early 1990s, the company of Thoissey took measures as early as November.

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TVA Nouvelles broke the news in Montreal, Canada on Thursday, March 20, 2025.
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