At 12.01am EST (04:01 GMT) on Wednesday, United States President Donald Trump’s “reciprocal” tariffs will kick in, ramping up a global trade war that has roiled stock markets and set businesses on edge. Several prominent Trump supporters have raised concerns about his trade salvoes. Rachel Ziemba, an adjunct senior fellow at the Center for New American Security, said she expected negotiations to continue, even as Trump is “doubling down on tariffs on China and sticking with the other tariffs”. Economists say that prices will inevitably rise for consumers – the only question is by how much.

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