Good evening. I'm Jeff Bennett. I'm the Navaz is away. On the news hour tonight, the global economy reacts as steep U.S. tariffs against nearly 100 countries take effect.

Prime Minister Benjamin Netanyahu signals that Israel now intends to take over all of Gaza.

And we report from Louisiana, where patients and the health care providers they rely on

are bracing for the impact of new Medicaid requirements.

My son won't be able to get the services he needs to thrive.

I won't be able to get the services I need in order for me to be healthy.

Music won't be able to get the services I need in order for me to be healthy. Welcome to the News Hour. After months of delay and backroom deal making, the Trump

administration has imposed

sweeping tariffs on nearly 100 countries, sending U.S. import duties soaring to their highest

levels in nearly a century. The new rates range from 10 to 15 percent for Japan, the EU, and the

UK that negotiated agreements and as high as 50 percent on nations such as Brazil and India. India's tariffs

are scheduled to take effect in three weeks. Meantime, many countries continue to work behind

the scenes to negotiate more favorable deals. To help break down the impact of the new tariffs and

interpret some of the other signs we're seeing across the economy, were joined again by Diane Swank.

She's chief economist at KPMG. That's the global consulting and accounting firm.

Diane, it's always great to see you. So the Yale Budget Lab ran the numbers and found that the

average effective tariff rate is now about 18%. That's the highest it's been since33. Put that into perspective for us. What does that

mean for the U.S. economy overall?

Well, what's really important is that tariffs tend to be historically. They're a one-and-done,

a bump up and a one-time increase in price levels, but this doubling of tariffs, basically doubling

from what we saw in June, the effective tariff rate, that is not only going to add to another

increase in prices, which we're only beginning to see the early signs of right now, but it

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