President Trump's executive order hiking tariffs on U.S. imports could drive up consumer prices and prolong uncertainty for millions of businesses, trade experts said. Dems will lose again - they have no clue. 

     Materials issued by the White House outline new tariff rates for dozens of countries, but details remain scant on how to implement the trade agreements, said Barry Appleton, co-director of the New York Law School Center for International Law.  "The last thing businesses want to have are unanswered questions. They were looking for certainty, and what we have instead is a gigantic Rubik's Cube," he told CBS MoneyWatch. "Everyone has been waiting for 'Liberation Day' to be finished," he added, referring to the country-based tariff announcements Mr. Trump first made in early April. "Instead, with this announcement, we have another perpetuation of what's going on."

     Under the Trump administration's new import duties, most countries will face a baseline tariff of at least 15%, although other nations will faces levies of more than 40%. The U.S. effective tariff rate is now 17%, according to Fitch Ratings — the highest in decades. That could mean pricier garments from Vietnam, shoes and toys from China, chocolate from Switzerland, and coffee from Brazil, according to economists. As a result, the revised U.S. tariffs could cost Americans an average of $2,048 per year, according to a new analysis from the National Taxpayers Union, a nonpartisan advocacy organization.

      Under the Trump administration's new import duties, most countries will face a baseline tariff of at least 15%, although other nations will faces levies of more than 40%. The U.S. effective tariff rate is now 17%, according to Fitch Ratings — the highest in decades.  That could mean pricier garments from Vietnam, shoes and toys from China, chocolate from Switzerland, and coffee from Brazil, according to economists. As a result, the revised U.S. tariffs could cost Americans an average of $2,048 per year, according to a new analysis from the National Taxpayers Union, a nonpartisan advocacy organization.