Reported about 12 hours ago
The Trump administration has announced new import tariffs, set to begin on August 1, 2025, with countries like Japan facing a 25% tax on all products. This decision comes as Trump ends a temporary pause on previous tariffs and threatens further increases if affected nations retaliate. The tariffs vary, with rates as high as 40% for countries like Laos and Myanmar, reflecting the administration's ongoing effort to address trade deficits.
Source: YAHOO