What consumers can expect from import taxes as the US sets new tariff rates
Trucks transporting containers undergo X-ray scanning at entry gates at the Long Beach Container Terminal (LBCT), one of the most advanced, fully automated container terminals in the U.S., with the the Long Beach International Gateway Bridge in the background at the Port of Long Beach, Calif., Thursday, July 31, 2025. (AP Photo/Damian Dovarganes)
American businesses and consumers woke up Friday to find the contours of President Donald Trump's foreign trade agenda taking shape but without much more clarity on how import taxes on goods from dozens of countries would affect them.
Late Thursday, Trump ordered new tariff rates for 66 countries, the European Union, Taiwan and the Falkland Islands. Among them: a 40% tariff on imports from Laos, a 39% tariff on goods from Switzerland and a 30% tariff on South African products.
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