Sweeping U.S. tariffs go into effect globally as Trump's trade war escalates

Trade Policy & Impact - US imposed tariffs on exports from 90 countries [1] - Baseline tariff is 10% on most countries' exports [1] - Tariffs on products from countries like Canada, Brazil, and some European countries will be higher than 10% [1] - Brazil facing a steep 50% tariff on products like coffee, bananas, and orange juice [2] Potential Economic Consequences - New tariffs could raise prices on popular products like clothing made in Asia [2] - American consumers are set to feel the impact of the tariffs [1]