Buying foreign? That’ll now cost Americans a lot more
Mihaela Păun
CNN — America has a brand new tax on virtually every item that comes over its border: 10%. The universal tariff went into effect Saturday at 12:01 a.m. ET after President Donald Trump signed an executive order earlier in the week requiring a baseline tax for all imports. The announcement sparked an outcry from America’s trading partners — allies and foes alike — along with American businesses, investors and consumers. Economists fear the tariffs — the highest America has imposed in a century —
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