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International Business Times
International Business Times
Business

Higher US Tariffs Take Effect On Dozens Of Economies

US tariffs on Brazilian goods surged to 50 percent Wednesday and -- despite wide-ranging exemptions -- Brazil's coffee and meat are expected to be hit (Credit: AFP)

Higher US tariffs came into effect for dozens of economies Thursday, drastically raising the stakes in President Donald Trump's wide-ranging efforts to reshape global trade.

As an executive order signed last week by Trump took effect, US duties rose from 10 percent to levels between 15 percent and 41 percent for a list of trading partners.

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