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Trump claims his tariffs are ‘kind’ to other countries. In America, consumers will ‘feel the pinch quite quickly,’ top economist says

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US President Donald Trump holds a signed executive order after delivering remarks on reciprocal tariffs during an event in the Rose Garden entitled “Make America Wealthy Again” at the White House in Washington, DC, on April 2, 2025.

Photo by SAUL LOEB/AFP via Getty Images

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