US EditionTrump’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.
448 Articles
448 Articles
Trump seeks to celebrate tariffs, reassure on economy
President Trump sought to celebrate his new tariff regime and reassure the public about his economic stewardship on Thursday as a trade agenda upending the GOP and the global economic order came into place. Trump said the tariffs would raise billions for the U.S. Treasury, while Treasury Secretary Scott Bessent argued that foreign producers and big retailers would absorb the costs of the tariffs. “Tariffs are flowing into the USA at levels not t…
Tariffs go into effect
WASHINGTON (NEXSTAR) - Sweeping tariffs on nearly every country on the planet are now in effect. President Donald Trump campaigned on a promise to hike tariffs. He argues the U.S. was being ripped off. The president says the U.S. will rake in billions in revenue and estimates show they already have: $80 billion since February according to Treasury data. Bank rate economist Ted Rossman says it's still unclear if U.S. businesses will be forced to …
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…
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