The United States began charging higher tariffs on goods from dozens of trading partners Thursday, in a major escalation of President Donald Trump’s drive to reshape global commerce in America’s favor.
Shortly before the new levies kicked in, Washington separately announced it would double Indian tariffs to 50% and hit many semiconductor imports from around the world with a 100% levy.
As an executive order signed last week by Trump took effect, U.S. import duties rose from 10% to levels between 15% and 41% for a list of trading partners.
Switzerland’s government, which failed to convince Trump not to impose a stinging 39% tariff, was set to hold an extraordinary meeting later Thursday.
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