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The Independent UK
The Independent UK
Oliver O'Connell

Trump tariffs: American shoppers hit with 60% of costs as import taxes reach 100-year high

New tariffs imposed by President Donald Trump officially took effect Thursday, with the president declaring just minutes before the deadline that billions of dollars are now "flowing" into the U.S. economy.

The move doubles down on his trade war, introducing new rates between 10 and 41 percent on imported goods from more than 90 countries — many of which are scrambling to negotiate better terms.

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