WASHINGTON -- The reciprocal tariffs U.S. President Donald Trump is expected to announce on Wednesday could deal a heavy blow to the global economy if applied worldwide, estimates show, with the U.S. to be hit especially hard by pricier imports.
Trade war
Trump tariffs risks $700bn blow to global GDP, with U.S. hit most
Rising import costs to hit American corporate profits and consumer spending
Despite a likely hit to U.S. consumers, President Trump says his tariffs will help address unfair trade practices by other countries. © Reuters
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