Reported about 9 hours ago
President Trump is set to send out letters notifying trading partners of new tariffs ranging from 10% to 70% effective August 1, as negotiations reach critical points with various countries. Trump emphasized a preference for straightforward contracts over complex negotiations and reiterated his ultimatum for nations to reach agreements by July 9 to avoid these increased tariffs. Stock markets reacted negatively amid concerns about the impact of these tariffs on inflation and the broader US economy.
Source: YAHOO