New Trump Tariffs: What VA Residents Need To Know
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New Trump Tariffs: What VA Residents Need To KnowPresident Donald Trump this week announced sweeping new tariffs. Here’s how the action could affect Virginians.Posted Thu, Apr 3, 2025 at 11:54 am ET|Updated Thu, Apr 3, 2025 at 12:08 pm ET
VIRGINIA—PresidentDonaldTrumpthisweekannouncedsweepingnewtariffs,includinga10percenttaxonimportsfromallcountriesandhighertariffratesondozensmore.
Trump,inanannouncementWednesday,saidthe“reciprocaltariffs”areaimedtopromotedomesticmanufacturingandnarrowthegapwiththetariffstheWhiteHousesaysothercountriesunfairlyimposeonAmerican-madeproducts.
However,manyeconomistswarntheactioncouldmeanVirginiaconsumerscanexpecttopaymoreformanynecessities,suchasfood,clothing,andenergy.Andthoseimpactswillbefeltmostseverelybylower-incomeAmericans,anewanalysisfromtheYaleBudgetLabsuggests.
Findoutwhat’shappeninginRestonforfreewiththelatestupdatesfromPatch.Thereciprocaltariffs,whichrangefrom10percentto46percent,aresettotakeeffectApril9.Theaver
