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ABC News Daily

What Trump’s China tariffs did to businesses

15 May 2025

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This week, Donald Trump paused his massive tariffs on Chinese goods entering the US for 90 days, slashing the rate from 145 to 30 percent.China has also come to the bargaining table, dropping 125 percent tariffs on imports from the US to 10 percent. So, is the US president’s economic dream of bringing manufacturing back to America dead? Today, we speak with a US outdoor clothing designer caught up in the tariff chaos about what it’s been like and to an economist to make sense of it all.  Featured: Cassie Abel, founder and CEO of Wild Rye outdoor apparelJustin Wolfers, professor of economics and public policy at the University of Michigan

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