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The Guardian - US
The Guardian - US
Business
Philip Wen, Mie Hoejris Dahl in Mexico City, Sarah Butler in London, and Leyland Cecco in Toronto

‘We just can’t take the hit’: businesses worldwide brace as Trump threatens tariffs

Gantry cranes and shipping containers at a port
Gantry cranes and shipping containers at the Yangshan deep water port in Shanghai. Photograph: Qilai Shen/Bloomberg via Getty Images

Donald Trump, a self-declared “big believer” in tariffs on foreign goods, has promised to use them to boost the US economy, revitalize America’s industrial heartlands, and reward the tens of millions of voters who sent him back to the White House.

“Come make your product in America,” the president told top executives gathered at the World Economic Forum in Davos this week, promising low taxes to those who take him up on the invitation. “But if you don’t make your product in America – which is your prerogative – then, very simply, you will have to pay a tariff.”

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