US EditionUS Partners Seek Relief as Trump Tariffs Upend Global Trade
UNITED STATES, AUG 7 – Tariffs on imports from over 90 countries raise average U.S. import tax to 18.6%, the highest since 1933, increasing costs for businesses and consumers, experts say.
- On Thursday, US President Donald Trump’s tariffs came into effect in Washington, affecting China, as legal challenges begin to emerge.
- Unveiling reciprocal duties, Trump’s tariff wave builds on actions from his presidential return, broadening measures imposed since he returned to the presidency.
- Americans face an average import tax of 18.6%, the highest since 1933, and prices rose 2.6% in June, the U.S. Commerce Department reported.
- Supply chains began reacting almost immediately, with retailers and manufacturers warning that higher tariffs will significantly raise costs and prices starting to climb.
- In coming months, legal challenges in federal courts are challenging tariffs, as the impact of the trade war is expected to grow, analysts say.
67 Articles
67 Articles
The arbitrary US tariffs make the EU look more reliable as a trading partner, which the SVP cannot like.
Here’s what the new tariffs could cost each US household
By ANNE D’INNOCENZIO and DEE-ANN DURBIN, AP Business Writers American businesses and consumers soon will have a better idea of how President Donald Trump’s foreign trade agenda might affect them now that the United States has imposed higher tariffs on products from dozens of countries. It’s been nearly 100 years since the nation had an overall import tax rate as high as the one set Thursday. But the individual impact on business costs and consum…
Graphic Truth: Where tariffs stand on key US trade partners
President Donald Trump’s sweeping new global tariffs took effect on Thursday, slapping 90 countries with rates as high as 50%. The move marks a dramatic escalation in US protectionism, pushing America’s trade barriers up to levels not seen since the Great Depression.And it's not over yet. Deadlines still loom for two of Washington’s biggest trading partners, Mexico and China, as well as on India, which Trump is punishing for its purchases of Rus…
Coverage Details
Bias Distribution
- 44% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
