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Benzinga
Benzinga
Business
Bibhu Pattnaik

Why Trump's Tariffs Hit Poor Countries With Higher Rates Than Rich Ones

Trump Warns India on Russia Ties as Tariff Deadline Nears

The tariff policies of Donald Trump‘s administration have been found to disproportionately affect less affluent nations, a stark contrast to the special trading privileges these countries have enjoyed for years from wealthy nations like the U.S.

What Happened: The Trump administration’s tariffs have been more severe on poorer nations compared to their wealthier counterparts.

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