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Trump Unleashes Flurry of Trade Surprises on Eve of Deadline

US President Donald Trump / Photographer: Will Oliver/EPA/Bloomberg

US President Donald Trump / Photographer: Will Oliver/EPA/Bloomberg

Donald Trump unleashed a series of tariff deals and demands on the eve of his Friday deadline, including surprises on India and copper as the US president attempts to create a new global trade order.

Trump on Wednesday announced tariffs of 15% on imports from South Korea that matched the rate for neighbor Japan, and a painful 25% levy on imports from India that was accompanied by criticism of its purchases of Russian energy and weapons, pressuring Prime Minister Narendra Modi.

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Author: Katia Dmitrieva

Source: Bloomberg

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