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%

  • Initiateofthevoid@lemmy.dbzer0.comEnglish
    0·
    22 hours ago

    1920’s 2: electric boogaloo. Good luck everyone. Wish it didn’t have to be this way. Do what you can to prepare your families and your communities, because this is going to hurt.

    When Coolidge Trump’s term ends early and Hoover Vance puts the final nails in the coffin of the US economy, let’s all try to pull an FDR and not a Hitler, please?