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Friday, August 8, 2025

Around 70 countries hit with new round of Trump tariffs

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President Donald Trump’s comprehensive and sweeping tariffs slate took effect, hitting around 70 countries around the world. Most imports into the United States will now face a baseline 10% duty, with the overall average effective tariff rate rising to more than 17% — the highest since 1935, during the Great Depression. NBC News Business Correspondent Brian Cheung breaks it down.

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