Trade gambit: Donald Trump’s previous tariff barrage spooked markets. Will this time be different?

President Trump is escalating the trade war with new tariffs on multiple countries, aiming to boost US growth despite economists' warnings of inflation and slowdown. Letters announcing tariffs up to 50% have been sent, with an August 1 deadline and no extensions. While markets show restraint, the move draws criticism and confusion, raising concerns about a full-scale trade war.

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