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Trump’s broad tariffs go into effect, just as economic pain is surfacing

UNITED STATES, AUG 7 – President Trump's tariffs raise duties up to 50% on imports from over 60 countries, aiming to reduce trade imbalances and could generate $300 billion in annual federal revenue, experts say.

  • 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.
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Hanford SentinelHanford Sentinel
+2 Reposted by 2 other sources
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Trump’s tariffs take effect in fresh test for global economy

President Donald Trump’s sweeping new tariffs officially took hold Thursday, as he barrels forward with his turbulent push to reshape global trade.

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Schweizer Radio und Fernsehen (SRF) broke the news in Zürich, Switzerland on Wednesday, August 6, 2025.
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