2025-04-28 21:26:02| Chicago Tribune news - Business

Since the U.S. raised levies on China to 145% in early April, cargo shipments have plummeted, perhaps by as much as 60%, according to one estimate.

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Some 96 departing flights from Portuguese airports have been grounded so far, while 45 have been called off from Spain.

Business and consumer confidence is expected to suffer from the disruption to trade, an economic forecaster says.

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