Trump's latest tariffs: List of impacted countries
Starting August 7, the United States will impose a 10% 'universal' levy on imported goods from countries with which it has a trade surplus and a 15% tariff on goods from about 40 nations with which it has a trade deficit. Some countries, like Brazil, face levies ranging up to 50%.
Trump's tariff regime is unprecedented for modern times. The new duties imposed on America's trading partners are the highest since 1933, a time when steep tariffs contributed to the worsening of the Great Depression.
Here's how US trading partners will be affected:
CNN's David Goldman contributed to this report.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
19 minutes ago
- Yahoo
US budget deficit forecast $1 trillion higher over next decade, watchdog says
By David Lawder WASHINGTON (Reuters) -U.S. federal budget deficits will be nearly $1 trillion higher over the next decade than projected in January by the Congressional Budget Office as a result of tax and spending legislation and tariffs, a budget watchdog said on Wednesday. The Committee for a Responsible Federal Budget's latest forecasts show a cumulative deficit of $22.7 trillion from fiscal 2026 to 2035, compared to the CBO's January forecast of $21.8 trillion, which was based on laws and policies that were in place before U.S. President Donald Trump took office in January. The CBO, Congress' non-partisan budget referee agency, said on Monday that it will not issue its customary mid-year budget update this year and will issue its next 10-year budget and economic outlook in early 2026, offering no explanation for the move. The CRFB, which advocates for deficit reduction, projected a $1.7 trillion deficit in fiscal 2025 or 5.6% of GDP, down slightly from $1.83 trillion in 2024 and the CBO's 2025 projection of $1.87 trillion in January. But it said deficits steadily rise over the decade, reaching $2.6 trillion or 5.9% of GDP by 2035. The new CRFB estimates include the budget effects of the One Big Beautiful Bill Act tax and spending bill, as well as Trump's tariffs that are currently in place. But like CBO, they do not include the dynamic economic effects on growth from these changes, a forecasting rule that has drawn criticism from the Trump administration. The group projects the tax cut and spending bill to increase deficits, including interest, by $4.6 trillion through 2035, adding another year to the CBO's $4.1 trillion cost estimate through 2034. But CRFB estimates that this will be offset by $3.4 trillion worth of extra import duty revenue over the next decade due to Trump's new tariffs that are currently in place. New rules restricting eligibility for health insurance subsidies will reduce deficits by another $100 billion through 2035, and Congress' rescission of prior funding to foreign aid, public broadcasting and other programs would save another $100 billion if sustained over a decade, CRFB said. Net interest payments on the national debt will total $14 trillion over the decade, CRFB projected, rising from nearly $1 trillion or 3.2% of GDP in 2025 to $1.8 trillion or 4.1% of GDP in 2035. TARIFF CHALLENGE The forecasts are based on legislative and tariff changes since January but keep CBO's economic forecasts unchanged. Under an alternative scenario forecast by CRFB, the budget picture looks far worse, boosting deficits nearly $7 trillion higher than the CBO baseline. This scenario would see a significant part of Trump's tariffs canceled if the Court of International Trade's ruling against many of Trump's new tariffs is upheld, cutting $2.4 trillion from revenues over a decade. The alternative scenario also assumes extension of a number of temporary tax cuts in the One Big Beautiful Bill Act, including tax breaks on overtime, tips, Social Security income and car loan interest, higher state and local tax deduction allowances and full expensing of factory investments, adding $1.7 trillion to deficits over 10 years. CRFB's alternative scenario also ditches the CBO's projection of a decline in 10-year U.S. Treasury yields over the decade to about 3.8%. If that interest rate stays at the current level of about 4.3%, interest costs would grow by about $1.6 trillion through 2035, CRFB said. The total 2035 debt-to-GDP ratio would grow from 118% in the CBO January baseline to 120% under the CRFB's projected baseline scenario and 134% under the CRFB's alternative scenario. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNN
20 minutes ago
- CNN
North Korea is where this 95-year-old wants to die. South Korea won't let him go
Captured during the Korean War and imprisoned for decades for refusing to renounce his political beliefs, 95-year-old Ahn Hak-sop now has a single dying wish: to return to North Korea and be buried alongside his comrades. Ahn has spent most of his life resisting what he calls the American 'occupation' of South Korea – first as a soldier in the North Korean army, and later as a dissident in the country that captured him. His refusal to renounce his unwavering support for North Korea condemned Ahn to more than four decades behind bars in the South. Now frail, ailing and confined to a wheelchair, he tells CNN he longs to cross into North Korea one final time and be laid to rest in the country that has defined his life. On Wednesday Ahn slowly shuffled to a bridge leading to the Korean Peninsula's Demilitarized Zone (DMZ), pleading for permission to cross the zone – one of the most heavily militarized borders in the world – and enter North Korea. Hours later, amid a scrum of security personnel and protesters demanding South Korean officials allow him to cross, Ahn was denied access to the land route into North Korea and sent back. The rejection was crushing. 'I miss the North, it's unbearable,' he said, holding a North Korean flag. 'I want to be buried in the free land.' South Korea's government has banned individuals from making unauthorized contact with North Korea, and civilians are restricted from entering the heavily fortified DMZ. The 1950-53 Korean War ended in an armistice, not a peace treaty, meaning North and South Korea are still technically at war. (moved this down) If Ahn had been allowed to return, Pyongyang could present his repatriation as a symbolic victory, a onetime prisoner of war crossing back from a nation it has long denounced as its chief adversary. But for Ahn, the issue is far more personal, and existential. Weakened by illness, having been hospitalized multiple times this year, he says his only wish is to be buried in the soil of North Korea. Or as he calls it, 'the homeland of my ideology, the Democratic People's Republic of Korea (DPRK).' Ahn is one of six remaining long-term unconverted prisoners in South Korea who have recently asked to return to the North. The government in Seoul is reviewing 'various options from a humanitarian perspective,' a Unification Ministry official said, noting that any decision would require cooperation from Pyongyang. Ahn was born in 1930 on Ganghwa Island, off Korea's western coast, during Japan's brutal colonial rule of the Korean Peninsula. He grew up among turbulence and uncertainty: one brother was forced into the Japanese army, another deserted. When police came searching, Ahn escaped and found refuge with his aunt. When Japan surrendered in 1945, Ahn was 15 years old. Instead of celebrating, he said he felt betrayed by a proclamation from Gen. Douglas MacArthur that placed Korea south of the 38th parallel under American military control. The declaration gave American officials broad authority over the South's political, economic and security affairs until a new government could be formed. 'So, looking at the proclamation, I realized that we were not liberated,' he said. 'That's how it all started. That is why I started anti-US movements.' When the Korean War began in 1950, Ahn was a middle school student in Kaesong, then a bustling city near the 38th parallel. He watched as armies surged back and forth across a newly-imposed dividing line between North and South. And in 1952, he formally enlisted with North Korea's People's Army, serving in the intelligence department. As the war drew to a bloody stalemate in 1953, Ahn was captured. Out of the ten soldiers in his unit, he said he was the only one to survive. Under then-existing South Korean legislation, if Ahn had signed a paper renouncing the North and its communist ideology, he would have been eligible for parole. However, he refused, and remained behind bars in the South for the next 42 years and six months. Ahn's imprisonment is among the longest endured by a North Korean POW held in the South. He described his time as relentless, not simply for the physical hardship but for the psychological pressure to abandon his beliefs. 'At first, they tried to convert me through conversation,' he recalled. 'When that didn't work, they started torturing me.' Ahn alleges he endured brutal punishments, including beatings and exposure to freezing water. At one point, he said, interrogators even brought him back to Ganghwa Island to reunite with his sisters, who begged him tearfully to renounce the North. He refused. 'That was really painful,' he recalled. When he was finally pardoned in 1995, on South Korea's Liberation Day holiday, Ahn described the moment in bitter terms. He said he simply moved from 'a small and locked-up prison to an open and big prison.' Even then, he said he remained under close monitoring and was followed by police. In 2000, amid a brief thaw of political tensions between Seoul and Pyongyang, South Korea permitted 63 unconverted long-term prisoners to return to the North. Ahn was offered the chance to cross the border but made the agonizing decision to stay. Those who returned to North Korea were feted with parades and banners. But Ahn said he remained on South Korean soil because his 'mission' was unfinished. Despite decades in the South, he has never wavered in his belief that South Korea remains a colony under American influence. 'I came here, to a US 'colony,'… fighting against the US, but I couldn't do anything and only served time in prison,' he said. 'How could I go back, feeling ashamed? If I am to shout, 'US out,' I must do it from here, not the North. That's why I didn't return… I was determined to die after witnessing the Americans leave this land.' 'Either I drive the Americans out of here, or I die,' he said. Today, Ahn lives in a modest home in Yonggang-ri, barely a mile from the North Korean border he dreams of crossing, shunned by his extended family. To get by, he relies on the government benefits given to low-income people and support from his acquaintances. The walls of his home are covered with faded photographs and North Korean posters, mementos of an ideology that has defined his existence. His doormat is a US flag. 'It would be too much of a resentment to be buried in a colony even after death,' he said. The Unification Bridge, spanning the Imjin River in Paju, South Korea, has long been a ceremonial crossing point for summit meetings, family reunions, and rare delegations traveling between the Koreas. On Wednesday, it became the site of Ahn's latest confrontation with the South Korean government. Officials blocked his passage, citing national security law and the absence of any agreement with Pyongyang to facilitate his return. North Korea halted all communications with South Korea in 2023, making it tougher for Seoul to discuss Ahn and other prisoners' repatriation. Human rights groups in South Korea expressed sympathy for Ahn's plight, but few expected the government to allow the crossing. After being denied permission at the border on Wednesday, Ahn hobbled into a waiting ambulance and was taken away. For Ahn, the refusal underscored what he has believed for nearly 80 years: that his fate is bound up not in reconciliation, but in perpetual division. 'I am determined to go back to the home of my ideology, the home of my principles,' he said. 'DPRK, the beginning of my life.'
CNN
20 minutes ago
- CNN
Ranger fired for hanging transgender flag in Yosemite and park visitors may face prosecution
LGBTQ issues Donald Trump Diversity and equityFacebookTweetLink Follow A Yosemite National Park ranger was fired after hanging a pride flag from El Capitan while some visitors face potential prosecution for alleged violations of protest restrictions that have been tightened under President Donald Trump. Shannon 'SJ' Joslin, a ranger and biologist who studies bats, said they hung a 66-foot wide transgender pride flag on the famous climbing wall that looms over the California park's main thoroughfare for about two hours on May 20 before taking it down voluntarily. A termination letter they received last week accused Joslin of 'failing to demonstrate acceptable conduct' in their capacity as a biologist and cited the May incident. 'I was really hurting because there were a lot of policies coming from the current administration that target trans people, and I'm nonbinary,' Joslin, 35, told The Associated Press, adding that hanging the flag was a way to 'tell myself … that we're all safe in national parks.' Joslin said their firing sends the opposite message: 'If you're a federal worker and you have any kind of identity that doesn't agree with this current administration, then you must be silent, or you will be eliminated.' Park officials on Tuesday said they were working with the US Justice Department to pursue visitors and workers who violated restrictions on demonstrations at the park that had more than 4 million visitors last year. The agencies 'are pursuing administrative action against several Yosemite National Park employees and possible criminal charges against several park visitors who are alleged to have violated federal laws and regulations related to demonstrations,' National Park Service spokesperson Rachel Pawlitz said. Joslin said a group of seven climbers including two other park rangers hung the flag. The other rangers are on administrative leave pending an investigation, Joslin said. Flags have long been displayed from El Capitan without consequences, said Joanna Citron Day, a former federal attorney who is now with the advocacy group Public Employees For Environmental Responsibility. She said the group is representing Joslin, but there is no pending legal case. On May 21, a day after the flag display, Acting Superintendent Ray McPadden signed a rule prohibiting people from hanging banners, flags or signs larger than 15 square feet in park areas designated as 'wilderness' or 'potential wilderness.' That covers 94% of the park, according to Yosemite's website. Parks officials said the new restriction on demonstrations was needed to preserve Yosemite's wilderness and protect climbers. 'We take the protection of the park's resources and the experience of our visitors very seriously, and will not tolerate violations of laws and regulations that impact those resources and experiences,' Pawlitz said. It followed a widely publicized instance in February of demonstrators hanging an upside down American flag on El Capitan in the wake of the firing of National Park Service employees by the Trump administration. Among the small group of climbers who helped hang the flag was Pattie Gonia, an environmentalist and drag queen who uses the performance art to raise awareness of conservation issues. For the past five years, Gonia has helped throw a Pride event in Yosemite for park employees and their allies. She said they hung the transgender flag on the granite monolith to drive home the point that being transgender is natural. Trump has limited access to gender-affirming medical treatments, banned trans women from competing in women's sports, removed trans people from the military and changed the federal definition of sex to exclude the concept of gender identity. Gonia called the firing unjust. Joslin said they hung the flag in their free time, as a private citizen. 'SJ is a respected pillar within the Yosemite community, a tireless volunteer who consistently goes above and beyond,' Gonia said. Jayson O'Neill with the advocacy group Save Our Parks said Joslin's firing appears aimed at intimidating park employees about expressing their views as the Trump administration pursues broad cuts to the federal workforce. Since Trump took office, the National Park Service has lost approximately 2,500 employees from a workforce that had about 10,000 people, Wade said. The Republican president is proposing a $900 million cut to the agency's budget next year. Pawlitz said numerous visitors complained about unauthorized demonstrations on El Capitan earlier in the year. Many parks have designated 'First Amendment areas' where groups 25 or fewer people can protest without a permit. Yosemite has several First Amendment areas, including one in Yosemite Valley, where El Capitan is located. Park service rules on demonstrations have been around for decades and withstood several court challenges, said Bill Wade, executive director of the Association of National Park Rangers. He was not aware of any changes in how those rules are enforced under Trump.
