LeadStory

What's the latest on U.S. tariffs?

Asked 2 hours ago

Answer

President Trump has enacted new tariffs on goods from about 70 countries, with rates from 10% to 41%. Canada faces a 35% rate, India 25%, and the EU 15%. Only one trade deal, with the UK, is finalized. Tariffs will take effect soon, impacting global trade and some sectors more than others.

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CBS America

Businesses worry as Trump hits dozens of countries with new tariffs

CBS America ยท Less Recent
CBS America
CBS America
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  • President Trump announced new tariffs on imports from over 60 countries, with rates up to 41 percent. 5s
  • Major partners like Japan and South Korea are included, but Mexico and China are exempt due to ongoing talks. 18s
  • Canada faces a 35 percent tariff on some imports, up from 25 percent, due to concerns over illicit drugs. 27s
  • The tariffs will take effect after a short delay to allow U.S. Customs to prepare. 47s
  • Small business owners worry about higher costs and reduced access to imported goods. 1m 4s
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References

Businesses worry as Trump hits dozens of countries with new tariffs
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CBS America
2 days ago
Businesses worry as Trump hits dozens of countries with new tariffs

Canada was hit with a 35 percent tariff rate on some imports, up from 25 percent.

Businesses worry as Trump hits dozens of countries with new tariffs
Icon
CBS America
2 days ago
Businesses worry as Trump hits dozens of countries with new tariffs

A 15 percent tariff was reached for European Union goods, with no exemption for European wine.

Where U.S. trade talks with other countries stand
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CBS News
3 days ago
Where U.S. trade talks with other countries stand

President Trump signed an executive order raising tariffs on about 70 countries, with rates from 10% to 41%.

Where U.S. trade talks with other countries stand
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CBS News
3 days ago
Where U.S. trade talks with other countries stand

The only signed trade deal is with the UK, which includes a 10% tariff on UK goods and removal of tariffs on the UK aerospace sector.

India shaken by Trump's tariffs, but parts of Asia feel relief
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Reuters
3 days ago
India shaken by Trump's tariffs, but parts of Asia feel relief

India faces a 25 percent tariff rate on nearly $40 billion worth of exports to the U.S.

India shaken by Trump's tariffs, but parts of Asia feel relief
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Reuters
3 days ago
India shaken by Trump's tariffs, but parts of Asia feel relief

Trump's new executive order includes a 20 percent duty for Taiwan; some Asian countries received lower rates than initially threatened.

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