Trump's sweeping new tariffs take effect against dozens of countries

The Trump administration has implemented sweeping new tariffs affecting dozens of countries. The president has imposed a 50% tariff on India and threatened a 100% levy on foreign-made semiconductors. These tariffs are part of the administration's ongoing trade disputes with various trading partners, including China, the European Union, and India. The goal is to protect American industries and workers from what the president sees as unfair foreign competition. The move has drawn criticism from U.S. businesses and trading partners, who argue that the tariffs will ultimately harm American consumers and the economy. There are concerns that the escalating trade tensions could lead to a global economic slowdown. The administration maintains that the tariffs are necessary to address longstanding trade imbalances and to ensure a level playing field for American companies. However, the effectiveness and long-term impact of these measures remain subject to debate.