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The unpredictability of Trump’s tariffs will increase the pain

Leaders| The cost of uncertainty

The unpredictability of Trump’s tariffs will increase the pain

Businesses are struggling to adjust

A US cargo container blocking containers on the left and dollar signs on the right

Illustration: Rose Wong

DONALD TRUMP has already raised the average tariff on America’s imports by about twice as much as he did in his entire first presidency. Just as damaging, though, has been the uncertainty about what comes next.

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