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US Trade War Could Lead to Global Financial Crisis

US Trade War Could Lead to Global Financial Crisis

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The world is increasingly immersed in tariff wars and great uncertainty . After a series of consultations and delays, the US administration is imposing 25% tariffs on most imports from Canada and Mexico from April 2 and doubling the current 10% tariff on Chinese imports to 20%, which will affect about $1.5 trillion in annual imports. This is in addition to the 25% tariff on European cars.

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