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"Why Trump’s “Liberation Day” Could Usher in Economic Catastrophe"
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"Trump's tariff plan has been met with criticism from investors and economists, who warn that it could lead to a recession. The plan aims to reduce the US trade deficit, but experts argue that it will instead increase the cost of living domestically and worsen conditions in the manufacturing sector. The article also highlights the potential for a trade war with major trading partners, including China, Japan, and South Korea, which could have far-reaching consequences for the global economy."
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"content": "nostr:nprofile1qyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpqggpwupucel5j2pg7fwc0sltx46g8asrjfrft2s9537fukt0n3wcs9lsefw\nhttps://www.thenation.com/wp-content/uploads/2025/03/canada-tariff-liberation-day-275x173.jpg\nChris Lehmann New trade barriers are going to reduce demand for US exports while increasing the cost of living domestically. This will only worsen conditions in the manufacturing sector. The post Why Trump’s “Liberation Day” Could Usher in Economic Catastrophe appeared first on The Nation.\nhttps://www.thenation.com/article/economy/trump-liberation-day-tariffs/",
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