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The Economic Times

National

Trump says tariffs won’t hurt US economy, claims levies will bring ‘hundreds of billions of dollars’ in investments

Donald Trump United States Economy General Motors Toyota Pakistan India Mexico

US President Donald Trump has defended his tariff strategy, saying the latest levies imposed by Washington will not hurt the American economy and will instead attract hundreds of billions of dollars in investments.

Trump, speaking to Fox News on Tuesday, said the tariffs imposed on goods linked to forced labour were an alternative route after the US Supreme Court struck down the levies imposed under the International Emergency Economic Powers Act (IEEPA) earlier this year.

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