“He has slashed taxes, raised tariffs to their highest levels in almost a century, unilaterally canceled federal spending, pushed down immigration and pressured the Federal Reserve to sharply lower interest rates.”

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“consumers face an overall average effective tariff rate of 18.3 percent, the highest since 1934.”

Tariffs Take Effect | Features | Floor Covering Weekly

“After months of delay and backroom dealmaking, the Trump administration has imposed sweeping tariffs on nearly 100 countries, sending U.S. import duties soaring to their highest levels in nearly a century.”

As Trump's tariffs kick in, economist breaks down inflation and recession warning signs