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Tariff roller coaster ride continues

President Donald Trump implemented tariffs last Tuesday against America’s three biggest trading partners, drawing immediate retaliation from Mexico, Canada and China. Just after midnight, Trump imposed 25% tariffs, on Mexican and Canadian imports, and 10% on Canadian energy. Trump also doubled the tariff he slapped last month on Chinese products to 20%.Beijing retaliated with tariffs of up to 15% on a wide array of U.S. farm exports. It also expanded the number of U.S. companies subject to export controls and other restrictions by about two dozen.