How will tariff shocks affect the global economy
On April 8, local time, U.S. Trade Representative Greer said that the new U.S. tariff policy will take effect on the 9th. U.S. President Donald Trump signed an executive order on "reciprocal tariffs" on Tuesday, announcing that the United States will set a "minimum baseline tariff" of 10 percent on its trading partners and impose tariffs of more than 30 percent on countries with large trade deficits.
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