Trump’s New Tariffs Spark Global Concern 🌍💰
Just before midnight, Trump claimed the new tariffs would bring billions into the U.S. economy. However, these duties are paid at the border and typically passed on to American consumers.
He blamed a “radical left court” for trying to block his authority, as a U.S. court reviews whether he overstepped in imposing these “reciprocal” tariffs.
The new rates range from 10% (UK) to 41% (Syria), stacked on top of existing import duties. Brazil’s effective rate hits 50% due to an extra 40% linked to ex-president Bolsonaro’s prosecution.
Only the EU will see its final rate capped at 15%, preventing steep tariff stacking — like cheese imports taxed at 15%, not 29.9%.
Since the announcement, global governments have scrambled to strike deals, fearing lost investment and jobs.