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President Trump’s sweeping “Liberation Day” tariffs could raise prices on everything from cars to smartphones. Here’s what you need to know about how these new taxes will impact you and your money.
President Donald Trump has just announced sweeping new tariffs that he calls a “declaration of economic independence,” but many economists warn it will function more as a tax on American consumers. In a Rose Garden ceremony on April 2, dubbed “Liberation Day,” Trump unveiled what represents the most fundamental shift in global trade since World War II. Trump’s plan introduces two major types…
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