Trump’s Sweeping Tariffs Reshape US Trade Landscape
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BTCCSquare news:
New reciprocal tariffs imposed by the WHITE House have taken effect, with rates ranging from 10% to 50% on imports from dozens of countries, including major trading partners like the EU, South Korea, and Japan. The average effective U.S. tariff rate is projected to rise to 18.3%, according to Yale Budget Lab calculations.
President TRUMP has signaled further escalation, including a potential 100% tariff on semiconductors unless manufacturers commit to U.S. production. These measures continue despite concerns about inflationary pressures and have contributed to the Federal Reserve's decision to maintain current interest rates.
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