Live updates: Business leaders warn Trump tariffs will raise prices for US consumers
apnews.com
President Donald Trump's barrage of “reciprocal” tariffs shows a willingness to dismantle the global economic system. Business leaders want the tariffs will increase costs for U.S. consumers.

cross-posted from: https://lemmy.ca/post/41675354

Among the reciprocal tariff levels Trump announced:

China: 34%

European Union: 20%

South Korea: 25%

India: 26%

Vietnam: 46%

Taiwan: 32%

Japan: 24%

Thailand: 36%

Switzerland: 31%

Indonesia: 32%

Malaysia: 24%

Cambodia: 49%

United Kingdom: 10%

Rest of the world: 10%

  • courageousstep@lemm.eeEnglish
    0·
    2 days ago

    I wonder if the alienation of the rest of the world from the US by Trump, especially with these tariffs, was a Putin idea. Make Russia’s enemies turn against one another so they won’t band together. Pull their economies apart so that the EU won’t have armies and defense mechanisms at hand, and so that the US, Mexico, and Canada are no longer trusting each other, and so on. If all the countries don’t trust one another, they are fractured and weak, unable to stand up to Russia’s invasions.