Rob Wile | NBC News
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President Donald Trump’s unprecedented tariffs on global imports into the United States take effect Wednesday, reshuffling a global economic order that has largely stood for generations.
The mere announcement of the duties last week sent shock waves through global markets and caused trillions of dollars in paper losses. Now, consumers and investors alike will begin to gauge the actual impact on the U.S. economy as the cost of the import taxes starts to flow through supply chains and into businesses and household budgets.
The average tariff faced...
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