Industry representatives warn of job losses and say decision could be ‘nail in the coffin’ for those exporting to the US
More than 60 countries around the world are scrambling to respond to the latest wave of US tariffs announced by Donald Trump which came into force on Thursday.
Industry representatives in rich and poor countries warned of job losses as the tariffs upended a decades-old world trading system with rates ranging from 10% to 39%, 40% and 41% for Switzerland, Brazil and Syria.
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