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President Donald Trump says his tariff announcements slated for Wednesday will amount to a "Liberation Day" for the United States.
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White House trade adviser Peter Navarro said tariffs would raise about $600 billion to $700 billion a year. Economists say that's nearly impossible.
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President Donald Trump is set Wednesday to begin the biggest gamble of his nascent second term.
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The president did not reveal the details of his plan to impose reciprocal tariffs the same day, but suggested he would move ahead with import taxes on trading partners.
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Trump's upcoming tariffs 'will be effective immediately,' White House says CNBCTrump's ‘Liberation Day' tariffs will go into effect immediately, White House says CNNTrump's tariff gambit will raise the stakes for an economy already looking fragile CNBC
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Trump Says He's Settled on a Tariff Plan That Is Set to Take Effect Wednesday The New York TimesTrump's ‘Liberation Day' tariffs will go into effect immediately, White House says CNNPresident Trump preparing to announce new tariffs on 'Liberation Day' WBAL-TVThe economic risks (and political benefits) of Trump's 20% 'Liberation Day' tariff option Yahoo Finance
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