US President Donald Trump’s sweeping new tariffs on more than 90 countries around the world have come into effect.
Just before the deadline for deals to be agreed to cut or avoid the import taxes Trump posted on his Truth Social platform that billions of dollars were now flowing into the US due to tariffs.
Earlier, the president hit India with a 50% tariff, which will take effect on 27 August unless it stops buying Russian oil.
Trump also threatened a 100% tariff on foreign-made computer chips as he pushes tech firms to invest in the US.
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