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Trump’s Tariffs Will Backfire

TOKYO – US President-elect Donald Trump appears committed to imposing high tariffs on imports to the United States – or, at least, using the threat of tariffs to bend US trading partners to his will. Trump now says he will enact a 25% tariff on all imports from Canada and Mexico on his first day in office, and raise tariffs on goods from China by 10%. And he has previously advocated 60-100% tariffs on imports from China and 10-20% tariffs on imports from all other countries, including allies.

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