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Tariff Leverage

Analysis by H. Andrew Schwartz and Philip Luck

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Trump Targets Largest U.S. Trade Partners with New Tariffs

The use of emergency economic powers to impose tariffs on Canada, Mexico, and China risks undermining U.S. economic security by disrupting supply chains, increasing costs for consumers and businesses, and straining critical partnerships.

Chart by Navin Girishankar and Philip Luck — February 3, 2025

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