US tariffs: how Trump’s tax is hitting Big Tech and beyond
See all Stories
R
Trump announces new “reciprocal” tariff hikes.
The Trump administration has revealed updated tariff rates on exports from dozens of countries due to take effect on August 7th, and an EO targeting alleged “inaction and retaliation” from Canada that will raise its rate on certain items from 25 to 35 percent starting August 1st.
CNN has a simple breakdown here of what this means so far. According to the WSJ, “the result will be significantly higher tariffs on virtually every US trading partner,” ranging from 10 to 41 percent, and a 40 percent penalty rate for goods “transshipped” to avoid tariffs.
Follow topics and authors from this story to see more like this in your personalized homepage feed and to receive email updates.
Loading comments
Getting the conversation ready...
Most Popular
Most Popular
- Midjourney goes from generating cat images to full-body ultrasound scans
- Apple’s weird anti-nausea dots cured my car sickness
- Tim Cook says RAM expenses are ‘unsustainable’ and Apple is going to raise prices
- This Ghost in the Shell keyboard makes me want to activate the hundred spidery robot fingers inside my regular fingers
- Amazon employees say they’re facing termination for backing data center limits
