Higher U.S. tariffs officially in effect on dozens of nations

President Trump initiated higher import tariffs on over 60 countries, with rates of 10% or more beginning Thursday, as the U.S. economy showed signs of strain from previous tariff threats, including stalled hiring and inflation. While Trump touted the tariffs as a means to boost manufacturing and reduce the trade deficit, economists warn of potential long-term economic erosion and uncertainty surrounding their impact.

Want More Context? 🔎