๐ Breaking: Trump Expands Tariff Definition to Include Dozens of Countries!
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๐ฅ New Tariffs:
โ President Trump signed an executive order imposing new tariffs on goods coming from dozens of additional countries and the European Union.
โ The new rates range from 10% to 41%, and they will take effect on August 7.
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๐ก Why is this important?
โ This indicates a significant escalation in the "America First" trade policy.
โ This move could lead to a global trade war and disrupt supply chains.
โ Prices of some consumer goods in the U.S. market are expected to rise as a result of these taxes.
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๐ Context:
โ These tariffs apply to countries that have not reached trade agreements with Washington.
โ The most affected countries include: Syria (41%), Laos (40%), Switzerland (39%), and Iraq (35%).
โ Countries like the United Kingdom and Brazil received lower tariffs of 10%, indicating strong diplomatic relations.
Does this move signal the collapse of global trade or is it just a negotiating tactic?
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