Global tariffs imposed by Donald Trump have taken effect as the US president pushes competition over cooperation in a bid to reshape the international trading system.
He’s imposed duties on more than 60 countries, taking aim at what he calls unfair trade practices and unequal trade balances.
Brazil, India, Canada and Switzerland are among the hardest hit.
President Trump says he is targeting what he calls unfair trade practices and unequal trade balances.
John Diamond is the director of the Center for Tax and Budget Policy at the Baker Institute for Public Policy.
He says some industries will be devastated by the tariffs.
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