Financial markets are down worldwide and the dollar is tumbling, as Donald Trump’s sweeping new trade tariffs unnerve investors. Trump has declared a ten percent baseline on all imports, with significantly higher levies for nations that run trade surpluses with the US.
Aside from the existing 25% tariff on all foreign-made cars, the EU will face 20 percent levies, China 34 percent, India 26 percent and Japan 24 percent.
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