President Trump has imposed a minimum 10% tariff on nearly all U.S. imports, with higher rates for Chinese goods at 30%. The average tariff rate has reached its highest level since the 1930s, generating nearly $30 billion in revenue in June. The increased tariffs have affected many nations, including 24% on Japan and 49% on Cambodia, leading to stock market reactions. Despite initially announcing significant tariffs, Trump has postponed the effective date to August 1, allowing for possible adjustments amid ongoing trade negotiations.
"The average tariff rate is now at the highest it has been since the 1930s."
"Higher tariffs on tap for other countries maybe Imports from many countries initially faced higher tariffs, including 24% on goods from Japan and 49% on goods from Cambodia."
Collection
[
|
...
]