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 warn 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%

  • P1nkman@lemmy.worldEnglish
    16·
    3 days ago

    In 2020, I thought Covid might crash the economy. You know, history repeats itself. But oh, was I wrong; it’ll all be caused by a single fuckwit which deserves to be tortured.

    Fuck anyone involved in making the world a worse place. I hope they all die in fucking agony.

    • Riprif@lemmy.worldEnglish
      41·
      3 days ago

      The crash in 2020 was twice as deep as it should have been. The markets were spooked by a president repeating conspiracy theories instead of reassuring people while health organizations were scrambling and panicking.