News brief
President Trump's higher tariffs hit major trading partners.
U.S. trade partners such as Switzerland, Brazil, and India were still scrambling to get a better deal on Thursday as the president鈥檚 higher tariff rates on imports from dozens of countries kicked in, raising the average U.S. import duty to its highest in a century. The Customs and Border Protection agency began collecting the higher tariffs of 10% to 50% at 12:01 a.m. EDT after weeks of suspense over Mr. Trump鈥檚 final tariff rates.
Reuters
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