Trump’s New Tariffs to Cost Americans $100 Billion a Year

US President Donald Trump on Thursday announced a new set of tariffs targeting 60 countries. These nations account for over 99% of all US imports. The duties range from 10% to 12.5%. If upheld in court, the move will cost Americans an estimated $100 billion per year. That cost will come in the form of higher prices on imported goods. The tariffs are part of the president’s effort to bypass repeated court challenges. The announcement marks a major escalation in trade policy.