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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Mystery billionaire behind £10,000,000 plans for first Titanic trip since Titan disaster
An anonymous billionaire plans to make the first dive to the Titanic since the 2023 Titan submersible disaster that killed five people, with the expedition costing $10 million. Triton Submersibles is developing a new $20 million sub, aiming to restore public confidence in deep-sea exploration following the safety failures of OceanGate, which has since suspended operations. Want More Context? 🔎
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