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Trump escalates trade war with higher tariffs on key US trading partners

Economictimes.indiatimes.com 

US President Donald Trump is threatening other countries with 25 percent tariffs on imported cars, and similar or higher duties on pharmaceuticals and semiconductors as he turns up the heat on some of the biggest US trading partners. - U-turn on Mexico and Canada - Trump had initially announced tariffs of 25 percent on all Canadian and Mexican imports, before U-turning just hours before they were due to come into effect.