Trump’s big wager on awaited tariffs: a new era for international trade

As of Friday night, a 10% tariff now applies to nearly all imports to the United States.

Some countries face even steeper penalties — including a 53% tariff on Chinese goods, and a 20% rate on imports from both the European Union and South Korea. This broad move is what Trump has described as a turning point for American industry, one he claims will usher in a new era of prosperity for American workers.

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