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Home Market Research Economy

Who’s feeling the pain of Trump’s tariffs?

by TheAdviserMagazine
7 months ago
in Economy
Reading Time: 1 min read
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Who’s feeling the pain of Trump’s tariffs?
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LAST YEAR America charged levies averaging 2% on its imports of goods. Following the launch of President Donald Trump’s trade war, it now has an “effective” tariff of over 16%, the highest since the 1930s (see chart 1). And rates could go even higher. Mr Trump has written strongly worded letters to many of America’s biggest trading partners threatening further levies on August 1st.



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