US President Donald Trump unveiled a new tariff policy on Wednesday afternoon to impose new tariffs on nearly all US trading partners, including a 34 percent levy on China.
White House documents detailed specific rates: China faces a 54 percent total tariff, with a new 34 percent added to the existing 20 percent, as confirmed by Treasury Secretary Scott Besent. Other rates include the EU at 20 percent, Vietnam at 46 percent, Japan at 24 percent, Korea at 25 percent, India at 26 percent, Cambodia at 49 percent.
Severe Tariff means higher prices whether the item is inexpensive or costly. Poorer Americans will especially feel the pain of higher prices because they have fewer dollars to spend.
Post time: Apr-07-2025