Tariffs 101: How They Work And Why They Matter
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On August 7, 2025, the United States increased tariffs on products from more than 30 countries. The new taxes affect many items, including cars, electronics, and clothing. The rates vary depending on the product and the country from which it comes. For example, imports from Brazil now face a 50 percent tariff, while those from Europe will be taxed at 15 percent. Below is a breakdown of what this means and how it may impact Americans.