President Trump’s new import taxes on goods from over 60 countries and the EU go into effect, raising questions about trade, consumer costs, and international relations.

President Donald Trump has implemented new import taxes on products from dozens of countries and the European Union, a move aimed at reducing the trade deficit and encouraging foreign investment in the United States.

The tariffs, which range from 10% to 50%, became effective at midnight and apply to goods from countries including Japan, South Korea, Taiwan, and Vietnam.

The legality of the action is expected to face scrutiny under the International Emergency Economic Powers Act, with some experts anticipating a challenge that could reach the Supreme Court.

Meanwhile, the administration is highlighting the financial ben

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