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How does Donald Trump plan to address trade imbalances with countries that charge high tariffs on US goods?

Trump plans to implement reciprocal but discounted tariffs against countries charging high rates to the US. For example, against China's 67% tariff, Trump would charge 34%; against the EU's 39%, he would charge 20%; and against Vietnam's 90%, he would implement a 46% tariff. This approach applies to numerous countries including Japan (24% instead of 46%) and Cambodia (49% instead of 97%). Trump emphasizes that his administration would consistently charge less than what other nations impose on the US, creating what he considers a fairer trade balance.

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05:03

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Donald Trump Discusses Tariff Rates on China and Other Nations

Firstpost·7 months ago

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