7 hours agoTrump tariffs, effect on international trade! Here are the countries hit by 10% basic fees
Periskopi(a year ago)
(a year ago)Basic 10% tariffs imposed by the Trump administration for all US imports have been activated today, creating an immediate effect on international trade, reports the BBC, Periscope broadcasts. Companies importing goods into the US will face new tax fees, and this could bring price increases to [...]
Companies importing goods into the US will face new tax fees, and this could bring price hikes to American consumers.
Countries to be hit by 10% basic tariffs:
United Kingdom
Singapore
Brazil
Australia
New Zealand
Turkey
Colombia
Argentina
El Salvador
United Arab Emirates
Saudi Arabia
Moreover, China and the European Union, which are considered by Trump as the worst <x0 Group” in trade, will face higher tariffs that will take effect on April 9th.
Possible effects:
These tariffs can negatively affect American consumers, as prices for imported products may increase. This can also cause further commercial tension and reciprocity with countries affected by these provisions. /Periscope/
