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After walkbacks and confusion, U.S. tariffs kick in for dozens of countries
President Donald Trump began levying higher import taxes on dozens of countries Thursday, as the economic fallout of his months-long tariff threats has begun to create headwinds for the U.S. economy. Just after midnight, goods from more than 60 countries and the European Union became subject to tariff rates of 10 per cent or higher. Products from the European Union, Japan and South Korea are taxed at 15 per cent, while imports from Taiwan, Vietnam and Bangladesh are taxed at 20 per cent. Trump also expects the European Union, Japan andRead more