As US tariffs take effect, AP explains what tariffs are and how they work

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As US tariffs take effect, AP explains what tariffs are and how they work

Starting just past midnight, imports from Canada and Mexico are now to be taxed at 25%, with ********* energy products subject to 10% import duties. The 10% tariff that Trump placed on ******** imports in February was doubled to 20%, and Beijing retaliated Tuesday with tariffs of up to 15% on a wide array of U.S. farm exports. It also expanded the number of U.S. companies subject to export controls and other restrictions by about two dozen.

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#tariffs #effect #explains #tariffs #work

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