President Donald Trump’s latest round of punishing new taxes on imports arrived Thursday — with dozens of countries now facing even higher tariffs on goods that their businesses send to the U.S.

It’s been nearly 100 years since the nation had an overall import tax rate as high as the one set Thursday. Starting just after midnight, products from more than 60 countries and the European Union would face tariff rates of 10% or higher. Goods from the European Union, Japan and South Korea will be taxed at 15%, while imports from Taiwan, Vietnam and Bangladesh will be levied at 20%.

The Trump White House is confident that the onset of his broad tariffs will ramp up new investments and jump-start hiring in ways that can rebalance America as a manufacturing power. But there are already warnings s

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