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BBC News explains Trump's tariffs:
US President Donald Trump has imposed a baseline 10% tariff on imports from all countries, with higher rates on nations like China, Canada, and Mexico, to boost US manufacturing, cut trade deficits, and tackle migration/drug issues. He has threatened additional 10% tariffs on eight more countries (including the UK and Denmark) starting February 1 unless deals are reached, while the US Supreme Court is set to rule on the legality of many of these tariffs imposed via emergency powers. #crypto