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Trump's tariff to slow down global export growth from 2.9% in 2024 to 1.3% in 2025-26: HSBC
US President Donald Trump's new reciprocal tariffs are expected to significantly hamper global trade, with world export volume projected to drop. Tariffs over 50% target China, and also impact Vietnam, Taiwan, and India. The financial markets are already feeling the strain, and businesses worldwide are bracing for substantial disruptions when these tariffs take effect on April 9.
US President Donald Trump's new reciprocal tariffs are expected to significantly hamper global trade, with world export volume projected to drop. Tariffs over 50% target China, and also impact Vietnam, Taiwan, and India. The financial markets are already feeling the strain, and businesses worldwide are bracing for substantial disruptions when these tariffs take effect on April 9.
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