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How would the United States new tariffs for imports affect global business?

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The rise of cross border businesses has enabled people to do business not just within their base countries but in other countries. These businesses import their products to other countries.

Recently, the United States, one of the biggest partners in international business for many countries imposed tariff of different levels on imports into the United States. The rate is dependent on country.

How would this new development affect businesses globally?
 
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