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Friday, December 5, 2025

Trump limits tariffs on most nations for 90 days, raises taxes on Chinese imports

WASHINGTON (AP) — Facing a global market meltdown, President Donald Trump on Wednesday abruptly backed off his tariffs on most nations for 90 days even as he further jacked up the tax rate on Chinese imports to 125%. It was seemingly an attempt to narrow what had been an unprecedented trade war …

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