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Many important U.S. trading partners are facing higher duties after President Trump, reacting to a Supreme Court setback, set the rate on a new set of global tariffs at 15 percent.
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Christopher J. Waller, a Federal Reserve governor, said he would support a pause in rate cuts in March if the labor market continued to show signs of stabilizing.
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President Trump on Friday outlined a new plan to impose his global tariffs after the Supreme Court struck down most of the levies as illegal — a decision he lambasted as "deeply disappointing."
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