Higher US tariffs take effect on dozens of economies

Higher US tariffs came into effect for dozens of economies Thursday, drastically raising the stakes in President Donald Trump’s wide-ranging efforts to reshape global trade.

As an executive order signed last week by Trump took effect, US duties rose from 10 percent to levels between 15 percent and 41 percent for a list of trading partners.

Many products from economies like the European Union, Japan and South Korea now face a 15-percent tariff, even with deals struck with Washington to avert…

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News Source: www.al-monitor.com

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