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International Business Times
International Business Times
World

Tariffs: Economic 'Liberation' Or Straitjacket?

US President Donald Trump expects tariffs to bring in more government revenue and manufacturing investment to the United States (Credit: AFP)

US President Donald Trump has made tariffs a cornerstone of his trade policy, insisting that they will revive American manufacturing while swelling government coffers.

Critics argue that the levies will boost inflation in the near term and weigh on growth, triggering a trade war that could inflict serious damage on the United States and the wider global economy.

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