On April 2, so-called Liberation Day, President Trump announced a suite of sweeping tariffs on virtually every country in the world, including some entirely populated by penguins . Of all the nations Trump picked a trade war with, China was set to be hit with the most aggressive tariffs at a rate of 145% for Chinese goods set to be sold in the United States.

The announcement of these tariffs, essentially a tax on goods and supplies sold domestically, sent shockwaves through the global economy forcing corporations to scramble to find expedient answers to cope with rising prices and dim economic forecasts.

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