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The Conversation
The Conversation
Niven Winchester, Professor of Economics, Auckland University of Technology

New Trump tariffs: early modelling shows most economies lose – the US more than many

Donald Trump GDP United States
Getty Images

The global rollercoaster ride of United States trade tariffs has now entered its latest phase.

President Donald Trump’s April 2 “Liberation Day” announcement placed reciprocal tariffs on all countries. A week later, amid financial market turmoil, these tariffs were paused and replaced by a 10% baseline tariff on most goods.

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