US Edition
Trump’s broad tariffs go into effect, just as economic pain is surfacing
UNITED STATES, AUG 7 – Tariffs range from 10% to 50%, affecting over 60 countries as part of a strategy to boost federal revenues and address trade imbalances, with $113 billion collected in nine months.
- Donald Trump has imposed new tariffs on most of America's trading partners, reinstating the 'reciprocal tariffs' announced in April.
- Some countries like Syria, Laos, Myanmar, Switzerland, Brazil and India are facing high tariff rates ranging from 39% to 50%.
- While the tariffs have brought billions of dollars in revenue for the US government, they threaten to disrupt exports, industries and economies globally.
420 Articles
420 Articles
Trump sees gains for workers and the budget – Critics say American consumers and the entire world will be affected.
Trump's global tariffs take effect, with new additions
What happenedPresident Donald Trump's tariffs on more than 90 U.S. trading partners went into effect this morning, the White House said. On top of the new import taxes, which range from 10% to 41%, Trump Wednesday signed an executive order raising his tariff on Indian imports to 50%, from 25%, due to the country's purchasing of Russian oil. He also said he would slap a "tariff of approximately 100% on chips and semiconductors" unless "you're bui…
US Tariffs: After months of unrest over US President Trump's import tariffs, they took effect this Thursday…
Since August 1, the new tariffs imposed by President Donald Trump have changed the international trade landscape.In an unexpected move, Trump introduced tariffs that affect imports from more than 66 countries, in addition to Taiwan and the Malvinas Islands. According to the original report, these tariffs review the "reciprocal" tariffs announced in April, setting taxes of up to 50% for countries with a trade surplus with the US and a base tax of…
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