Making sense of Trump’s ‘Liberation Day’ tariffs
The Decibel
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Escalating Tariffs and Trade Dynamics
This chapter explores the recent tariff announcements made by the Trump administration, marking a significant escalation in the global trade war. It details the implications for various countries, including Canada and Mexico's exemptions under the USMCA agreement, while also examining the complexities and potential economic repercussions of these tariffs. Additionally, the chapter addresses Canada's retaliatory measures and the broader impact on international trade relations.
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