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OIC Economies

How can US trade tariffs impact Middle Eastern countries?


Trump threatened to impose tariffs during his election campaign, positioning protectionism as a key selling point to appease voters.

After taking up the world’s most important office, he slapped a 10% duty on Chinese imports and a 25% tariff on Mexican and Canadian goods. 

China responded with its own set of retaliatory measures, including a 15% tax on certain types of coals and liquefied natural gas, and a 10% tariff on crude oil, agricultural machinery, large-displacement cars and pickup trucks. 

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