Based on the president’s latest comments, more tariffs are to come.
Shipping containers are stacked at the Port of Oakland in Oakland, Calif., on Aug. 1, 2025. Justin Sullivan/Getty Images
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President Donald Trump’s new tariffs on dozens of countries went into effect at midnight on Aug. 7.
The country-specific levies were initially scheduled to begin on Aug. 1, but the administration pushed back the start date to finalize the tariff regime.
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of “The War on Cash.”
