President Trump’s latest tariffs take effect

President Donald Trump is enforcing higher import taxes on goods from more than 60 countries, including the European Union and Japan. Tariffs rates on goods from these countries could be taxed by 10% or more. LiveNOW’s Mike Pache spoke about the latest round of tariffs with Rob Schroeder from MarketWatch. This news comes a day after Trump announced additional 25% tariffs to be imposed on India for its buying of Russian oil, bringing its total import taxes to 50%. “I think the growth is going to be unprecedented,“ Trump told reporters Wednesday. He said the U.S. was “taking in hundreds of billions of dollars in tariffs,“ but did not provide a specific figure for revenues because “we don’t even know what the final number is“ regarding the rates. Subscribe to LiveNOW from FOX! Where to watch LiveNOW from FOX: Follow us @LiveNOWFOX on Twitter: Raw and unfiltered. Watch a non-stop stream of breaking news, live events and stories across the nation. Limited commentary. No opinion. Experience LiveNOW from FOX.