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The Independent UK
The Independent UK
National
Dee-Ann Durbin and Anne d'Innocenzio

What consumers can expect from import taxes as the US sets new tariff rates

Donald Trump United States European Union China
APTOPIX Trump Tariffs -

American businesses and consumers faced a new landscape on Friday as the contours of Donald Trump's foreign trade agenda began to solidify, yet clarity on the impact of new import taxes remained elusive.

Late on Thursday, Donald Trump ordered fresh tariff rates affecting 66 countries, the European Union, Taiwan, and the Falkland Islands. Among these were a 40 per cent tariff on imports from Laos, 39 per cent on goods from Switzerland, and 30 per cent on South African products.

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