Donald Trump's 10% Global Tariff Expired on July 24. Its Section 301 Replacement Covers 60 Countries at Rates of 10% to 12.5%.
The latest tariff move wasn't about raising rates; it was about making them stick, and that could reshape which stocks win for years to come.
Overview
The on-again trade war took another turn late last month. The temporary 10% global tariff, which had been in effect for the past few months, expired on July 24. For a moment, it looked like importers might catch a break.
They did not.
Details
A new set of duties went into effect the very same day, this time built on Section 301 of the Trade Act of 1974, covering the top 60 U.S. trading partners at rates of 10% to 12.5%. Those countries account for roughly 99.4% of everything America imports. For investors who keep treating tariffs as a passing storm, the way this swap happened tells the real story of where tariffs are likely headed for the next few years.
Source
Originally published at www.fool.com.
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