Putting trade in America's favor: Treasury Secretary on new Trump tariffs
MSNBCยท2025-08-07 12:51
As of midnight this morning, President Trump's tariffs on dozens of America's trading partners are in effect right now. A variety of products will be hit. From European appliances to Japanese cars to toys from China and TVs from South Korea.The overall average effective tariff rate is now more than 17% which is the highest level in nearly a century. Meanwhile, Trump announced yesterday he will double tariffs on India to 50% due to the country's purchases of Russian oil. That is set to go into effect later t ...