Reported 26 days ago
The Trump administration has announced new guidelines stating that expanded reciprocal tariffs will not apply to products loaded onto vessels for transport to the U.S. before Thursday. This guidance includes exemptions for goods covered under the USMCA trade agreement and relief items like food and medicine. The average U.S. tariff rate is projected to increase to 15.2%, significantly higher than previous years. With ongoing negotiations and potential new tariffs on various imports, uncertainty remains for businesses and consumers regarding the long-term economic effects.
Source: YAHOO