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International Business Times
International Business Times
Business

Trump's Tariffs Sting Asian Giants, Including US Allies

US President Trump on Wednesday announced across-the-board "reciprocal" levies of 10 percent on imports from around the world, with extra pain for key trading partners (Credit: AFP)

Asia's manufacturing powerhouses were desperately seeking talks with Washington on Thursday after Donald Trump announced 10 percent "reciprocal" tariffs, and even more for some longtime US allies.

These include Japan, whose firms are the biggest investors into the United States but which was saddled with a 24 percent levy on its imports into the world's biggest economy.

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