Import duties ranging from 10% to 50% will be applied to various products shipped to the US from major trading partners like the EU and Japan. Many of US President Donald Trump's tariffs took effect recently, targeting countries such as South Korea and Japan due to what are considered unfair trade practices. Analysts predict that these tariffs will lead to increased prices for US consumers. The tariff dispute has also intensified with India, where Trump ordered an additional 25% tariff on Indian goods, complicating trade relations further.
Import duties ranging from 10% to 50% will now apply to products shipped to the US from major trading partners, including the European Union and Japan.
US President Donald Trump stated that "billions of dollars in tariffs" were now flowing into the United States following the implementation of new duties.
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