World News@lemmy.worldEnglish · 1 day ago

Live updates: Trump announces sweeping tariffs

apnews.com

395

780

Live updates: Trump announces sweeping tariffs

apnews.com

RandAlThor@lemmy.ca to

World News@lemmy.worldEnglish · 1 day ago

395

Live updates: Business leaders warn Trump tariffs will raise prices for US consumers

apnews.com

President Donald Trump's barrage of “reciprocal” tariffs shows a willingness to dismantle the global economic system. Business leaders want the tariffs will increase costs for U.S. consumers.

Among the reciprocal tariff levels Trump announced:

China: 34%

European Union: 20%

South Korea: 25%

India: 26%

Vietnam: 46%

Taiwan: 32%

Japan: 24%

Thailand: 36%

Switzerland: 31%

Indonesia: 32%

Malaysia: 24%

Cambodia: 49%

United Kingdom: 10%

Rest of the world: 10%

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unmagical@lemmy.ml
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1 day ago
And just like that every American good costs significantly more.

If your family income is less than about $200,000, congratulations, your tax rate has at least doubled.
- SpaceNoodle@lemmy.world
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  1 day ago
  How much do I have to make before my tax bill goes down?
  - Lemmyoutofhere@lemmy.ca
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    1 day ago
    Last I saw, it was 360k.
    - Knock_Knock_Lemmy_In@lemmy.world
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      15 hours ago
      I have to get bigger bootstraps.
    - SpaceNoodle@lemmy.world
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      1 day ago
      Well, at least I’ve got that, I guess

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