Tariffs 101: How They Work And Why They Matter

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The US tariff increase went into effect on August 7, 2025 (Credit: DOGOnews.com)

On August 7, 2025, the United States increased tariffs on products from more than 30 countries. The new taxes affect many items, including cars, electronics, and clothing. The rates vary depending on the product and the country from which it comes. For example, imports from Brazil now face a 50 percent tariff, while those from Europe will be taxed at 15 percent. Below is a breakdown of what this means and how it may impact Americans.

댓글 3개
  • ringoanne
    ringoanne4일
    Cool
    • gimkitlover
      gimkitlover4일
      I already knew this but a bicycle can cost 300 bucks after the tariffs!!!?
      • chocolaterose75
        chocolaterose752일
        yeah I know it's crazy, but one of my friends paid for a bike that costed $700!!!!

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