What is the latest update on American tariffs?
Asked 9 hours ago
Answer
The U.S. has enacted sweeping new tariffs, raising average rates from 2% to 15% on most trading partners. Some allies negotiated lower rates, but countries like India and Brazil now face tariffs as high as 50%. The measures target sectors like autos and metals, with economists warning of inflation and higher consumer costs. Trade talks continue, especially with Canada, China, and the EU.
Now Playing
Trump's tariffs take effect as economists warn of inflation possibilities
CBS News · Recent
CBS News
Recent
- Trump administration enacts tariffs of 15% or higher on imports from about 90 countries. 6s
- Economists warn tariffs could lead to rising inflation and higher consumer costs. 41s
- Tariffs are expected to generate up to $300 billion in new revenue for the US. 29s
- US doubles tariffs on India in response to its continued purchase of Russian oil. 1m 22s
- Trade negotiations with China remain unresolved, with potential for further tariffs. 2m 0s
