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  • U.S. Tariffs Trigger Global Response as OPEC+ Adjusts Output

    On March 3, 2025, President Trump announced that tariffs on imports from Canada, Mexico, and China would move forward as scheduled, taking effect on March 4. The new tariffs include an additional 10 percentage point (pp) tariff on Chinese imports, raising the effective tariff rate by 1.2pp and leading to …

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