Trump, Liberation Day and tariffs
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CNN |
Trump announced 10% tariffs on all imports into the United States, and even higher tariffs on goods from about 60 countries or trading blocs that have a high trade deficit with the US.
Reuters |
The effective tariff on U.S. imports will end up much higher than the 2.5% level at the end of last year.
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Trump announces massive new 'Liberation Day' tariffs. Here's how they might affect you.Here’s how Trump’s “Liberation Day” tariffs could affect you ... But according to a recent summary of the economic research conducted by the Harvard Business Review, Trump’s 2017-21 “tariffs didn’t lower the cost of imports from China ...
The much-anticipated tariffs announcement fuels a global trade war and comes amid warnings from around the world that retaliation would follow.