New Tariffs Snap Into Effect, Raising Import Taxes to Highest Level Since Great Depression

Swiss Cabinet Holds Emergency Session as US Tariffs Kick In

Switzerland’s government will hold an emergency meeting on Thursday to consider the fallout from its failure to avert the highest US tariffs on any developed country.

New tariffs snap into effect, raising import taxes to highest level since Great Depression

UPDATE: The ground stop was lifted as of early Thursday morning, according to the FAA. A technology issue caused a ground stop on all United Airlines flights destined for Chicago and numerous other major hubs around the U.S. Wednesday night. According to an alert on the FAA’s website, all United Airlines flights destined for Chicago were halted at their departing airports at approximately 6:30 p.m. The ground delay came in response to a technolo…

US import taxes hit levels not seen in nearly 100 years - WCCB Charlotte's CW

WASHINGTON – President Donald Trump began levying higher import taxes on dozens of countries Thursday, just as the economic fallout of his monthslong tariff threats has begun to create visible damage for the U.S. economy. The import taxes are at a level not seen in the U.S. in almost 100 years, with Americans expected to pay an average of 18.3% more for imported products. That’s the highest rate since 1934, according to the Budget Lab at Yale, a…