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%

  • AA5B@lemmy.worldEnglish
    3·
    22 hours ago

    If we actually want manufacturing in the U.S., give companies incentives to do business here

    Like the CHIPS act? The EV and related items? Infrastructure? High speed rail (most of which has a made in us requirement)? What happened to those again?

    • NocturnalMorning@lemmy.worldEnglish
      5·
      20 hours ago

      The current administration is trying to pull the funding back even tho its been appropriated by congress. Funny how congress isn’t doing anything about it.