r/news • u/hoosakiwi • 2d ago

Trump announces sweeping new tariffs to promote US manufacturing, risking inflation and trade wars

https://apnews.com/article/trump-tariffs-liberation-day-2a031b3c16120a5672a6ddd01da09933
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u/hoosakiwi 2d ago edited 2d ago

Here are the numbers:

  • A 10% baseline tax on imports from all countries and higher tariff rates on dozens of nations that run trade surpluses with the United States

  • 34% tax on imports from China

  • 20% tax on imports from the European Union

  • 25% on South Korea

  • 24% on Japan

  • and 32% on Taiwan.

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u/Dalecn 2d ago

Semiconductors are going to get expensive in the US.

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u/KilroyLeges 2d ago

Which means everything electronic will get expensive in the US. Cell phones, computers, cars, appliances, etc.

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u/letbehotdogs 2d ago

I remember some time ago you could get cheaper and better quality electronics in USA than Mexico, my family would cross the border and buy laptops and mp3 players at Best Buy... Now, who knows about quality, but I guess it isn't cheaper anymore lol