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August 7, 2025

U.S. Tariffs on Dozens of Countries Take Effect Today
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U.S. tariffs on more than 90 countries took effect today, raising import
taxes to the highest levels since the Great Depression. They range from
15% on imports from countries like Bolivia, Ecuador, Iceland and
Nigeria, to up to 50% on India and Brazil. President Trump slapped India
with one of the highest tariff rates, which are set to go into effect on
August 27, to pressure India to stop buying Russian oil. Separately,
President Trump tied Brazil's tariffs of 50% to punish Brazil for
putting former far-right President Jair Bolsonaro on trial for his 2022
coup attempt. Trump has called Bolsonaro's prosecution a "witch hunt."
Bolsonaro was placed under house arrest earlier this week.


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