US EditionTrump’s broad tariffs go into effect, just as economic pain is surfacing
UNITED STATES, AUG 7 – President Trump's tariffs raise duties up to 50% on imports from over 60 countries, aiming to reduce trade imbalances and could generate $300 billion in annual federal revenue, experts say.
- Donald Trump has imposed new tariffs on most of America's trading partners, reinstating the 'reciprocal tariffs' announced in April.
- Some countries like Syria, Laos, Myanmar, Switzerland, Brazil and India are facing high tariff rates ranging from 39% to 50%.
- While the tariffs have brought billions of dollars in revenue for the US government, they threaten to disrupt exports, industries and economies globally.
552 Articles
552 Articles
A third of CEOs plan to axe jobs over the next year—and a majority now say they'll pass on new tariff costs to their customers
CEO confidence has rebounded in Q3, with recession fears easing sharply—but hiring plans remain muted as firms brace for Trump’s tariffs and focus on cost cuts. A record share now plan workforce reductions, and 93% are turning to AI or automation to offset rising costs, while most expect to pass price hikes on to consumers. American CEOs are feeling slightly more confident as they enter the second half of 2025—but not optimistic enough to grow t…
Trump’s new tariffs take effect as economy slows
Global financial markets are reacting to President Donald Trump's tariff adjustments. Markets rose across much of Europe and Asia, while stocks are slipping on Wall Street. Trump started imposing higher import taxes on goods from more than 60 countries, including…
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