Trump's 'reciprocal' tariffs come into effect, hitting dozens of U.S. trading partners
128d ago
Business
CNBC
New tariffs enacted by the U.S. are now in effect, impacting a wide range of its trading partners. The 'reciprocal' tariffs, as described by the administration, will result in increased costs for numerous nations exporting goods to the United States. The specific goods affected and the magnitude of the tariff increases vary, but the overall effect is expected to be a strain on international trade relations and potentially lead to retaliatory measures from affected countries. Economists are analyzing the potential impact on global supply chains and consumer prices.