President Trump’s global tariffs are now in effect. Goods from more than 60 countries and the European Union are now subject to tariff rates of 10 percent or higher. The president is boasting about the incoming revenue, predicting that economic growth “is going to be unprecedented.” But uncertainty remains amid inflationary pressure and a drop in […]
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Donald Trump’s global tariffs are now in effect
President Trump’s global tariffs are now in effect. Goods from more than 60 countries and the European Union are now subject to tariff rates of 10 percent or higher. The president is boasting about the incoming revenue, predicting that economic growth “is going to be unprecedented.” But uncertainty remains amid inflationary pressure and a drop in job creation. Businesses, investors, and consumers are bracing for the unknown impact of new import taxes.