Trump tariffs take aim at trade loophole used by Chinese online retailers like Temu and Shein

NBC News

Summary

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US President Donald Trump announced broad tariffs Saturday (Sunday in Manila) on major US trading partners Canada, Mexico and China, claiming a "major threat" from illegal immigration and drugs — a move that sparked promises of retaliation.
The Manila Times
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Investors are bracing for a potential trade war that could hit the earnings of major companies and dent global growth.
Saudi Gazette
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Japan’s Nikkei index was down 2.4% at its midday break, while South Korea’s KOSPI index was trading down 3%.
Voice Of America
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The move will see 25 percent levies on imports from Canada and Mexico and 10 percent duties on Chinese goods.
International Business Times

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updated 88:88

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