At midnight on Thursday, U.S. President Donald Trump’s new “reciprocal” tariffs on over 90 countries officially took effect. “It’s midnight… billions will flow into the USA,” Trump posted on social media, calling the move a key step in his broader plan to rebalance global trade.
Breaking Down the Numbers
- Scope: 90+ countries now face duties ranging from 10% to 50%.
- Example: A $1,000 imported gadget could see an extra $100 to $500 added at the border.
Global Ripple Effects
Consumers, entrepreneurs, and digital nomads around the world may face higher costs as businesses adjust prices to offset the new duties. From e-commerce shops to travel gear, importers will need to rethink sourcing and pricing strategies in the months ahead.
Will higher import costs change the way you shop, travel, or build products? Join the global conversation and share your perspective.
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Trump's latest tariffs come into effect, hitting 90+ countries
cgtn.com
