US tariffs take effect Friday: 5 key imports face steep hikes; economic fallout looms

Jul 30, 2025 - 09:30
US tariffs take effect Friday: 5 key imports face steep hikes; economic fallout looms

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President Trump's proposed tariffs on key imports like coffee, apparel, jasmine rice, cocoa, electronics, and raw materials are set to take effect, raising concerns about increased consumer prices and economic strain. Major trading partners, including Brazil, Vietnam, China, Thailand, and India, will face significant duties.

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