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President Trump announced plans to impose a 25 percent tariff on products from Canada and Mexico on Feb. 1, while considering levies on most American imports, as he directed federal agencies to review U.S. trade policies by spring. The executive order also included investigations into unfair trade practices, currency manipulation, and technology controls, with a focus on addressing trade deficits and potential national-security-related tariffs. Mr. Trump’s advisers argue that tariffs can benefit U.S. factories and provide leverage in negotiations with foreign countries, despite warnings of potential retaliation from Canada and Mexico if tariffs are imposed.
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