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The President said he plans to introduce 100% tariffs on foreign-made chips, but the largest producers may avoid the levy.
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President Trump has implemented higher import taxes on numerous countries, sparking concerns about potential economic damage to the U.S. economy. Despite the uncertainty and signs of economic strain, the White House anticipates that these tariffs will stimulate investment and revitalise American manufacturing. However, economists warn of a gradual erosion of economic growth.
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News and Media
The president also hit India with a 50% tariff and threatened a 100% levy on foreign-made computer chips.
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News and Media
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