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Staggering U.S. Tariffs Begin as Trump Widens Trade War

The New York TimesThursday, August 7, 2025 at 4:50:25 AM
NegativeFinancial MarketsTrade Policy
Staggering U.S. Tariffs Begin as Trump Widens Trade War
The U.S. has rolled out significant new tariffs on imports from around 90 countries, marking an escalation in President Trump's ongoing trade wars. These duties, announced just last week, officially kicked in at midnight, raising costs for a wide range of goods and likely triggering retaliatory measures from affected nations.
Editor’s Note: This move could mean higher prices for consumers and businesses, strained international relations, and potential disruptions to global supply chains. It’s a big deal because trade wars often hurt economies on both sides, and these tariffs signal a more aggressive U.S. stance on trade that could have long-term consequences.
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