Reported about 12 hours ago
President Trump announced plans to raise tariffs on certain countries, with rates potentially reaching 70%, as the deadline for trade negotiations with the U.S. approaches. Starting August 1, the new tariffs, which could range from 10% to 70%, will be communicated to 10 to 12 nations over the next few days. Trump emphasized that flexibility would not be afforded to countries missing the deadline, despite previous suggestions of a more relaxed timeframe for ongoing negotiations. This move follows earlier tariff increases and reports of undermined stock markets.
Source: YAHOO