US EditionWhat the New Tariffs Mean: More Revenue, More Investment and Higher Prices
UNITED STATES, AUG 7 – New tariffs range from 10% to 50%, targeting imports from 70 countries to protect U.S. industries and may raise consumer costs by 18.3%, Yale Budget Lab said.
- On Thursday, the United States enacted new tariffs on more than 60 countries, targeting around 70 nations with rates between 10% and 50%.
- U.S. President Trump's tariff policy kicked into high gear, with some Brazilian goods facing duties as high as 50% after his 'liberation day' announcement in early April.
- About 40 of the tariffs that went into effect Thursday are set at 15%, and Jamieson Greer, top U.S. trade negotiator, said `tariff rates are pretty much set`.
- Yale University’s Budget Lab found the tariffs will raise import costs by 18.3, and American households face a $2,400 hit this year.
- On Aug. 12, 2025, the U.S. and China face a deadline before tariffs exceed 80%, with Trump recently boosting tariffs on Canada amid stalled negotiations, and Scott Bessent warning of new tariffs over Russian oil.
14 Articles
14 Articles
Around 70 countries hit with new round of Trump tariffs
President Donald Trump’s comprehensive and sweeping tariffs slate took effect, hitting around 70 countries around the world. Most imports into the United States will now face a baseline 10% duty, with the overall average effective tariff rate rising to more than 17% — the highest since 1935, during the Great Depression. NBC News Business Correspondent Brian Cheung breaks it down.
WLUK
More revenue, more investment and higher prices: new round of tariffs go into effect
New tariffs on more than 60 countries took effect on Thursday.
Brazil responds to Trump's punitive tariffs with a complaint to the WTO. The government speaks of a "blatant violation" - the dispute could be lengthy.
“Tariface” of 50% between trade defence and US political attack
Trump issue series of new tariffs ranging between 10 to 50% against around 70 countries – The Indian Awaaz
The United States has enacted a wide-ranging series of new tariffs, with rates between 10 percent and 50 percent, targeting imports from around 70 countries. These taxes mark the highest U.S. tariff levels since 1934, reaching a level not seen in nearly 90 years. According to Yale University’s nonpartisan Budget Lab, the move will raise […]
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