Higher US tariffs kick in for dozens of trading partners

The United States began charging higher tariffs on dozens of trading partners Thursday, in a major escalation of President Donald Trump’s drive to reshape global commerce in America’s favor.

Shortly before the new levies kicked in, the United States separately announced it would double tariffs on India to 50 percent and hit many semiconductor imports from around the world with a 100-percent levy.

As an executive order signed last week by Trump took effect, US duties rose from 10 percent to…

Continue Reading


News Source: www.al-monitor.com

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *