US EditionTrump’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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Total News Sources555
Leaning Left91Leaning Right58Center206Last UpdatedBias Distribution58% Center
Bias Distribution
- 58% of the sources are Center
58% Center
L 26%
C 58%
R 16%
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