How Trump's 'Liberation Day' tariffs impact Asia: 5 things to know

Asian nations large and small hit by reciprocal tariffs for 'unfair' practices

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U.S. President Donald Trump has announced sweeping tariffs that many analysts say will upend the global trading system as we know it. (Nikkei montage/Source photos by Reuters)

PAK YIU

NEW YORK -- U.S. President Donald Trump on Wednesday announced a round of sweeping tariffs of up to 49% on Asian countries, arguing the move will raise revenue and revitalize domestic manufacturing.

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