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Thursday, August 07, 2025
Trump's sweeping tariffs for imports take effect

After months of delays and extensions, President Donald Trump’s sweeping slate of tariffs took effect Thursday.

Most imports into the United States will now face a baseline 10% duty, with the overall average effective tariff rate rising to more than 17% thanks to higher duties on some of the biggest U.S. trading partners, according to the nonpartisan Yale Budget Lab think tank.

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