What are tariffs? How Trump's tariff plan works, who pays them, and how they could affect prices and jobs

What are tariffs? How Trump's tariff plan works, who pays them, and how they could affect prices and jobs

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In a much-anticipated speech on Wednesday, President Donald Trump announced "Liberation Day" tariffs, imposing duties ranging from 10% to 49% on imports from 60 trade partners, including India, China, and the European Union.

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