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Trump, tariffs and US weapons production

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With today's announcement, U.S. tariffs will approach levels not seen since the Smoot-Hawley Tariff Act of 1930, which incited a global trade war and deepened the Great Depression.
From CBS News
U.S. President Donald Trump goes through many of the rates at which his administration plans to impose tariffs on countries around the world in response to their tariffs on the U.S.
From Reuters
business owners and industry leaders are crunching numbers after U.S. President Donald Trump said he would impose a 10% baseline tariff on all imports to the United States and higher duties on some of...
From Reuters

Read more on News Digest

Which products will be affected by tariffs? Here's what Trump's "Liberation Day" could make pricier.
President Trump rolled out new tariffs on April 2 aimed at easing trade imbalances. Here's which products could become more expensive as a result.
What Trump's sweeping tariffs mean for the US economy and you?
President Donald Trump's sweeping new tariffs will raise the likelihood of a recession and hike prices for an array of goods, including coffee, bananas, laptops and toys, multiple analysts told ABC News.
Trump's tariffs threaten US weapons production
President Donald Trump’s tariffs aren’t just an economic disruption. They’re a security one. His program, if implemented as planned, could muddle global supply chains the Pentagon has spent decades creating,
Watch Trump's full presentation of his tariff chart
U.S. President Donald Trump goes through many of the rates at which his administration plans to impose tariffs on countries around the world in response to their tariffs on the U.S. What happens on Trump's 'Liberation Day'?
What Trump has announced on tariffs and why it matters
Tariffs are taxes charged on goods imported from other countries. Companies bringing the goods into the country pay the amount, typically a percentage of the goods' value, to the government. Trump has announced a 10% "baseline" tariff on all imports to the US – this is what the UK will face.
Reciprocal tariffs: you won’t believe how they came up with the numbers
Americans were told reciprocal tariffs would be simple. “Reciprocal, that means they do it to us, and we do it to them,” said President Donald Trump on Wednesday. “Very simple, can’t get any simpler than that.
Here's how businesses around the world reacted to Trump's tariffs
From Italy to India, business owners and industry leaders are crunching numbers after U.S. President Donald Trump said he would impose a 10% baseline tariff on all imports to the United States and higher duties on some of the country's biggest trading partners.
'He's flipped the system': Americans react to Trump's tariffs
A woman in Glendale, Arizona says it is "only right" that the US charges tariffs if other countries do. While in Washington DC, one man says Trump has "flipped the whole system around" and says he's already seen grocery prices increase.
FirstFT: What to expect from Donald Trump’s ‘liberation day’ tariffs
Also in today’s newsletter, Andreessen Horowitz in talks to invest in TikTok, and US government seeks death penalty for Mangione
Shoppers may need to buy these items quickly before Trump’s tariffs kick in
Americans will likely have to pay more at the supermarket counter within the coming days while higher prices on everything from sneakers to furniture to cars could be felt in a matter of weeks following President Trump’s tariffs rollout, economists and industry experts told The Post.
ABC 10News San Diego59m
University of San Diego economist predicts which products will increase first under tariffs
Business owners across San Diego are already feeling the effect of tariffs at appliance stores, wineries, and clothing outlets.
What are tariffs? How Trump's tariff plan works, who pays them, and how they could affect prices and jobs
President Donald Trump imposed a slew of tariffs ranging from 10 to 49% on trading partners. Here's what to know, who pays them, and how they work.
Stocks crater as nations vow to retaliate against Trump's tariffs
U.S. stocks plunged and global stocks slumped after Trump slapped a 10% tariff on most goods imported to the U.S.
Trade ‘Emergency’ Follows Decades of Trump Anger That America Has Been Ripped Off
Economists and legal experts question how the strongest economy in the world can be facing a national emergency over the trade deficit.
Elon Musk Has Key Advantage To Deal With Donald Trump Tariffs
Elon Musk's Tesla may have a head start on President Donald Trump's latest rounds of tariffs, according to economic analysts. Trump announced the new tariffs on dozens of countries across the globe on imports on Wednesday,
Prescription drugs dodge Trump's worldwide tariff for now. What to know.
Drugmakers appeared to dodge President Donald Trump's across-the-board 10% tariff on most imported goods and higher charges for some nations. In announcing his broad tariff plan, Trump said U.
Trump tariffs tank stocks, 401(k)s, as market digests massive shift in economic policy
No economist I’ve interviewed in the past 40 years has ever suggested, even mildly, that high tariffs on imports are a way to grow the U.S. economy. Ditto for all the lectures I heard when I took economics classes at Michigan State University or studied for my MBA at Bellarmine University in Louisville.
Donald Trump Puts Tariffs on Islands Inhabited Only by Penguins
The tariffs are part of a new plan announced by President Donald Trump yesterday on what he dubbed "Liberation Day."
The Times of Israel on MSN7h
After Israel fails to win reprieve from Trump’s tariffs, will its economy be hit?
Israel was not spared from US President Donald Trump’s sweeping decree to impose levies on global imports and was hit Wednesday with a 17 percent tariff on products exported to America. This, despite Jerusalem’s blitz action a day earlier to lift all remaining duties on US imports,
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