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US tariffs: America plays its Trump card

Alpesh Paleja CBI Deputy Chief Economist

Your in-depth analysis of the US tariff announcements and what they mean for business and the economy

09 Apr 2025, 11 min read

It's been a rollercoaster week for the global economy and financial markets. Following a gradual escalation in trade restrictions since early February, the US government announced wide-ranging tariffs on its trading partners on 2 April - only to announce a 90-day pause on some measures a week later. Nonetheless, a 10% baseline tariff on all countries remains in place (alongside more targeted measures announced previously), alongside much more punitive restrictions against China - which the latter has me

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