President Trump’s tariff blitz has reversed a century of US trade liberalization, with economists warning that rebuilding could take a long time due to the historical difficulty of dismantling trade barriers. Trump’s tariffs, set to be the highest since 1909, are seen as more disruptive now in the global economy, where trade plays a significant role. While tariffs may be used as negotiating tools, they can persist for decades if concessions are not met, as seen with the “chicken tax” on US light truck imports from the 1960s that reshaped the auto industry.
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Inside Ikea’s new Oxford Street flagship store which will open tomorrow
IKEA will open a new store on Oxford Street, London, on May 1, 2025, after extensive renovations of the Grade II listed building at 214 Oxford Street. Spanning three floors, the store will showcase curated shops designed by Londoners, IKEA's iconic showroom, a Swedish Deli, and a unique Live Studio for exhibitions and interactive experiences. This opening is part of IKEA's strategy to enhance its city center presence, revitalizing Oxford Street amidst plans for pedestrianization...
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