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France 24

U.S. begins collecting Trump's new global tariffs

France 24 · Just In
France 24
France 24
Just In

On "T-Day," the US began enforcing Trump's new tariffs, raising average rates from 2% to 15% after a 90-day pause allowed some countries to negotiate reduced deals while others, like India and Brazil, faced hikes. These tariffs have generated over $150 billion in revenue by July, impacting various sectors and aiming to address trade imbalances.

Breakdown
  • US customs officials begin enforcing new tariffs on nearly all trading partners.
  • Average US tariff rate rises from 2 percent to 15 percent. 1m 27s
  • Some countries, like the UK and EU, secure lower rates through new deals; others, such as India and Brazil, face higher tariffs. 45s
  • Sector-specific duties imposed on industries including automobiles, metals, and pharmaceuticals. 1m 38s
  • US businesses and consumers brace for higher prices as customs revenues nearly double. 1m 45s
PoliticsEconomy