Reported about 20 hours ago
President Donald Trump is advancing a strategy to impose industry-specific tariffs alongside existing country-by-country duties, set to commence on August 1. The tariffs will primarily target sectors such as pharmaceuticals, semiconductors, and copper, aiming to reshape the US's trade landscape and reduce reliance on foreign imports. Administration officials expect to announce specific details shortly, with potential levies ranging from 30% to 200%, posing significant implications for both domestic industries and global markets.
Source: YAHOO