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President Trump's latest tariffs take effect
Posted
August 7, 2025
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August 7, 2025
34,834
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6:16Now PlayingPresident Donald Trump is enforcing higher import taxes on goods from more than 60 countries, including the European Union and Japan. Tariffs rates on goods from these countries could be taxed by 10% or more.
LiveNOW's Mike Pache spoke about the latest round of tariffs with Rob Schroeder from MarketWatch.
This news comes a day after Trump announced additional 25% tariffs to be imposed on India for its buying of Russian oil, bringing its total import taxes to 50%.
"I think the growth is going to be unprecedented," Trump told reporters Wednesday. He said the U.S. was "taking in hundreds of billions of dollars in tariffs," but did not provide a specific figure for revenues because "we don’t even know what the final number is" regarding the rates.
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