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Friday, Dec 04, 2020

Donald Trump’s tariffs cost US companies US$46 billion to date, trade war data shows

Donald Trump’s tariffs cost US companies US$46 billion to date, trade war data shows

Lion’s share of higher costs – US$37.3 billion – stemmed from duties on imports from China, according to Washington-based trade consultancy. Exports of US goods hit by retaliatory tariffs from China and other countries fell sharply and did not bounce back when duties were lifted
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