AssetID: 54655686
Headline: UNCAPTIONED: Trump's Higher Tariffs on 60 Countries, Including China, Now in effect
Caption: Trump’s Higher Tariffs on 60 Countries, Including China, Now in effect. Donald Trump’s new higher tariffs on 60 countries, including a hefty 104% duty on China, have officially gone into effect. The additional tariffs on China were imposed after Beijing missed Trump’s deadline to remove its retaliatory levies. China, which exports just 2% of its total economic activity to the US, remains unfazed, with reports suggesting they believe they can weather the storm. Trump has called the tariffs “explosive,” claiming they’ll boost the US economy. However, experts caution that the tariffs could lead to higher prices for consumers. As these tariffs take hold, European stocks are slumping and major Asian markets continue to experience losses. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,US President,Donald Trump,higher,tariffs,60 countries,now in effect,China,104%,politics,economic activity,unfazed,retaliatory levies,stock markets,slumping,experience,losses,higher prices,consumers,explosive,boost,United States of America
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