President Donald Trump's higher import taxes on dozens of countries went into effect on Thursday, just as the economic impact of his earlier tariffs had started to show visible harm to the U.S. economy.

The new broad tariffs went into effect just after midnight on Thursday, going as high as 50%. They come after some major trading partners have reached framework deals for trade and investment concessions with Trump.

The White House said goods from more than 60 countries and the European Union would face tariff rates of 10% or higher. Products from Japan, South Korea and the European Union will be taxed at 15% and imports from Taiwan, Vietnam, Bangladesh and others will be levied at 20%. Britain will only be taxed at a 10% rate.

Trump has anticipated that places like Japan, South Kore

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