There are few places where inflation is felt as profoundly these days as ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#SME#href” href=”https://economictimes.indiatimes.com/topic/tariff” target=”_blank”>tariff rates.A few months ago, President Donald Trump’s election campaign promise of a 10% levy on all US imports seemed shocking. Now we’re looking at a 46% rate on Vietnam, and 145% on China.
This week, Washington went one better: If you’re manufacturing solar panels in Cambodia, you could face a 3,521% impost on any modules sent off to the US. Alongside lower levies imposed on Malaysia, Thailand and Vietnam, that means about 80% of US panel imports face taxes that make…
