US EditionFrom Laos to Brazil, Trump’s tariffs leave a lot of losers. But even the winners will pay a price
BRAZIL, AUG 2 – Trump’s tariffs raised the average U.S. tariff to 18.3%, imposing an estimated $2,400 annual cost on households and affecting exporters worldwide, with no clear long-term winners.
- President Donald Trump imposed sweeping import tariffs starting April 2, 2025, targeting countries worldwide in a move called Liberation Day.
- He justified the tariffs by declaring a national emergency over the trade deficit under a 1977 law and announced up to 50% reciprocal and 10% baseline tariffs.
- Countries including Laos, Algeria, Canada, Switzerland, and Brazil faced substantial tariffs, while others like the UK, EU, and Japan agreed to reduced rates but still higher than before.
- Economists estimate that importers pass most tariff costs to U.S. consumers, raising prices and imposing an estimated $2,400 annual burden per household, with Appleton stating, "In many respects, everybody's a loser here."
- Legal challenges are underway arguing the tariffs exceed presidential authority, while analysts say no country, including the U.S., has a clear long-term win from the tariff policies.
22 Articles
22 Articles
Trump’s tariff blitz leaves a lot of losers
WASHINGTON — President Donald Trump’s tariff onslaught last week left a lot of losers — from small, poor countries like Laos and Algeria to wealthy US trading partners like Canada and Switzerland. They’re now facing especially hefty taxes — tariffs — on the products they export to the United States starting Aug. 7.
Washington. President Donald Trump’s tariff onslaught this week left many losers, from small and poor countries like Laos and Algeria to rich trading partners of the United States, such as Canada and Switzerland. As of August 7, they will face particularly high taxes on products they export to the United States.
How Trump’s summer tariffs will make your winter holiday shopping more expensive
President Trump announced new tariffs for U.S. trading partners Friday after dozens of deals weren’t made before the end of his tariff pause deadline. This as Trump also fired the Bureau of Labor Statistics Commissioner after a weak July jobs report. CNBC global supply chain reporter Lori Ann LaRocco, former member of the Council of Economic Advisers under the Biden administration, Heather Boushey, and New York Times Chief White House correspond…
Boston Herald
BizTocTicker: From Laos to Brazil, Trump’s tariffs leave a lot of losers
President Donald Trump’s tariff onslaught this week left a lot of losers – from small, poor countries like Laos and Algeria to wealthy U.S. trading partners like Canada and Switzerland. They’re now facing hefty taxes – tariffs – on the products they export to the United States. The closest thing to winners may be the countries that caved to Trump’s demands — and avoided even more pain. But it’s unclear whether anyone will be able to claim victor…
Trump's tariffs leave a lot of losers, from Laos to Brazil. And there were no real winners
President Trump’s tariff onslaught left a lot of losers, from small, poor countries such as Laos and Algeria to wealthy U.S. trading partners such as Canada and Switzerland. But there were no real winners -- including the U.S.
From Laos to Brazil, Trump’s tariffs leave a lot of losers. But even the winners will pay a price
U.S. President Donald Trump’s tariff onslaught this week left a lot of losers – from small, poor countries like Laos and Algeria to wealthy U.S. trading partners like Canada and Switzerland.
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