The duties, which the president announced last week, took effect for about 90 countries just after midnight.
The duties, which the president announced last week, took effect for about 90 countries just after midnight.
Tariffs on Indian exports to the United States will surge to 50 percent by late August, as part of an effort by President Trump to pressure Russia into resolving its war in Ukraine.
President Trump fired the head of the Bureau of Labor Statistics last week and described a jobs report that included a big downward revision as “rigged.”
Imports from other countries fell around 4 percent from the previous month as President Trump’s steep tariffs discouraged businesses from ordering goods.
President Trump is using an “Art of the Deal” approach to get trading partners to hand over cash to lower their tariffs.
The president has pitched his trade policies at workers who feel left behind by globalization. But that doesn’t mean trade barriers will revive factories and close income gaps.
Data showing cracks in the U.S. labor market and President Trump’s newest barrage of tariffs shook investors around the world, weighing on stocks, the dollar and more.
The resignation comes as President Trump has openly pressured the central bank to lower interest rates and called for Jerome H. Powell, the chair, to step down.
Economists said ousting the head of the Bureau of Labor Statistics could undermine confidence in government economic data.
The resignation comes as President Trump has been openly pressuring the central bank to lower interest rates and calling for Jerome H. Powell, the chair, to step down.