President Trump has announced a 25% tariff on all foreign-made automobiles, effective at midnight. He criticized India’s 70% tariff on motorcycles and cars, along with other countries’ trade practices. Economic experts warn of potential recession risks, with JP Morgan analysts estimating a 40% chance of US recession. Trump believes the tariffs will bring back manufacturing jobs and reduce the deficit, aiming to raise $6 trillion over the next 10 years.
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