The rates of the targeted tariffs will be set at half the rates these countries charge on U.S. exports, Trump said from the White House while holding up a list of dozens of countries that included Japan, Taiwan, India and others. Now a whopping 54 percent tariff will be imposed on those products as they enter the United States, and the companies that sell those products will have to pass that cost along to the rest of us. Trade experts Colin Grabow and Scott Lincicome of the Cato Institute, a libertarian think tank, said in a statement that the White House’s barrage of new tariffs will raise prices for U.S. consumers, dent business investment, dampen broader economic growth and expose American manufacturers to retaliatory trade measures from other countries.
Author: Michael
Published at: 2025-04-02 22:38:39
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