Europe: The Surprising Loser of Potential Trump Tariffs
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NOVEMBER 25, 2024
President-Elect Donald Trump has made it clear that his favorite word for his second term will be tariffs. Even though we do not know the specifics yet, it seems potential tariffs may go up to 60% from China and other countries will see tariffs increasing up to 20%. Logically, everyone is now talking about how damaging this will be for China, as some factories have to relocate in order to be competitive and in some cases may go out of business.
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