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It’s important to understand that the US has a long history of tariffs. While these lessened in the free market economy of the 20th and 21st centuries after US manufacturing power increased, the use and threats of use are nothing new. The first Trump administration saw over $380 billion in tariffs, many of which were kept in place during Biden. Now, with the new administration’s larger blanket tariffs threatening global trade, you need to prepare your business for the impacts of plastic injection molding tariffs.