CBS News Live
CBS News Live
7 months ago
CBS NewsJoe Walsh
Tariff update of the day 👀 The U.S. announced new tariffs on China, sparking confusion with a headline 245% rate. But here’s the deal: the new tariffs top out at 145%, and the rest is from past policies. California’s suing the Trump administration, saying that the tariffs hurt its manufacturing industry. And the WTO is sounding the alarm, warning that the tariffs and resulting trade war could seriously impact global trade, with U.S.–China trade expected to drop by up to 91%. #tariffs #ecommerce
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