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

10 months ago 163

Starting conscionable past midnight, imports from Canada and Mexico are present to beryllium taxed astatine 25%, with Canadian vigor products taxable to 10% import duties. The 10% tariff that Trump placed connected Chinese imports successful February was doubled to 20%, and Beijing retaliated Tuesday with tariffs of up to 15% connected a wide array of U.S. workplace exports. It besides expanded the fig of U.S. companies taxable to export controls and different restrictions by astir 2 dozen.

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