CNN —
America has a brand new tax on virtually every item that comes over its border: 10%.
The universal tariff went into effect Saturday at 12:01 a.m. ET after President Donald Trump signed an executive order earlier in the week requiring a baseline tax for all imports. The announcement sparked an outcry from America’s trading partners — allies and foes alike — along with American businesses, investors and consumers.
Economists fear the tariffs — the highest America has imposed in a century — will plunge the United States and the world into a
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