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‘Why are we doing this?’: Tariffs hit highest level since Great Depression
MSNBC· 2025-08-10 14:16
Economic Impact - New tariffs raise import taxes to the highest levels since the Great Depression [1] - The Yale Budget Lab estimates the new tariffs will cost the average U_S_ household $2,400 this year [1] Consumer Impact - Prices of various goods, including cars, coffee, and clothing, are poised to increase [1]
U.S. businesses feeling impact of Trump’s new tariffs
NBC News· 2025-08-07 23:30
This is 200 days already. Time flies. >> On his 200th day back in office, President Trump tonight celebrating his efforts to reshape the global economy.>> We have a country that's the hottest country right now anywhere in the world. >> The president's so-called reciprocal tariffs snapping into place on more than 90 nations overnight, setting taxes on some foreign imports as high as 50% with an average tariff rate of more than 17%, the highest since the 1930s during the Great Depression. The tariffs likely t ...
X @Bloomberg
Bloomberg· 2025-07-25 14:44
Trade Policy - US President Donald Trump indicated that trade talks with Canada are not a priority for his administration [1] - The administration may opt to maintain existing import taxes instead of negotiating a new trade deal with Canada [1]