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Wide-reaching tariffs that will hit America’s largest trading partners are set to go into effect next week in a move that could set off a series of retaliatory trade wars and has set off alarm bells on Wall Street and caused jitters for consumers. The White House is planning to unveil its so-called “reciprocal tariffs” on April 2, a moment President Donald Trump has declared as “Liberation Day” for the U.S. economy but has also sparked backlash from investors and concerns from economists and the Federal Reserve about risking inflation and slowing economic growth. "For DECADES we have been ripped off and abused by every nation in the World, both friend and foe. Now it is finally time for the Good Ol' USA to get some of that MONEY, and RESPECT, BACK," Trump wrote on his social media platform Truth Social. The reciprocal tariffs, still being shaped by the White House, aim to equalize the levies other countries charge on U.S. goods and are expected to focus on the countries that are Ame...

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