Trump formalizes high tariffs as he tries to reshape the global economy [MSNBC.com]
Interactive Brokers Group, Inc. - Class A (IBKR)
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Source: MSNBC.com
President Donald Trump on Thursday formalized the array of high tariff levels and trade deals he has announced in recent weeks, the latest escalation in his attempt to disrupt and reshape the global economic order.In a sweeping executive order, Trump made official his agreements with prominent trading partners such as the European Union, Japan, South Korea, the United Kingdom and the Philippines.Trump's order, which came hours before a self-imposed deadline for trade deals, also unilaterally sets rates for countries that did not reach agreements with him, for example, Israel, Switzerland and Taiwan. Switzerland's rate will be set higher than previously threatened, at 39%, while Taiwan's will be set lower, at 20%.It’s effectively a reset of the world’s trade relations, one that is ostensibly designed to benefit the United States with expensive tariff rates not seen in nearly a century.Trump believes taxes on imported goods will erase trade deficits and bring back manufacturing to the U
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IBKR
Sec Filings
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- 10/29/25 - Form 4
- 10/27/25 - Form 4
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