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RE: LeoThread 2025-04-09 17:51

in LeoFinance6 months ago

Part 3/9:

However, Trump's tariffs are markedly different in both scope and severity. Unlike targeted tariffs, Trump's blanket 10% tariffs on all imports, with only minimal exemptions, have raised the average tariff rate in the U.S. to over 23%—the highest in over a century. This widespread imposition can have far-reaching consequences, raising the costs of imported components and rendering U.S. businesses less competitive.