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By Tom Howell Jr.
A 39% tariff on American beef going to Japan. Canadian levies exceeding 200% on American dairy. A 150% tariff on American alcohol sold in India.
These levies, plus a host of tariffs and value-added taxes that make U.S. goods more expensive in Europe, make President Trump angry.
The president will seek revenge Wednesday with a “Liberation Day” plan to impose tariffs on any nation that taxes U.S. goods or establishes other trade barriers.
He calls them reciprocal tariffs: “You hurt us and we hurt you.”
The announcement is expected to upend global trade policy, setting off a scramble by some nations to lower their trade barriers on U.S. goods while others look to retaliate and gird for a trade war.
Mr. Trump imposed new tariffs on Chinese goods, levies on imported steel and aluminum, plus a 25% tariff on autos that aren’t made in the U.S. His sweeping plan for reciprocal tariffs is his biggest move — and a bit of a mystery.
“He is with his trade and tariff team right now perfecting it to make sure this is a perfect deal for the American people and the American workers, and you will all find out in about 24 hours from now,” White House press secretary Karoline Leavitt said Tuesday when pressed for details…
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