Reported 22 days ago
President Trump has firmly stated that new tariffs will commence on August 1, 2025, with no extensions, after sending letters to various countries including Japan and South Korea notifying them of impending tariffs between 25% and 40%. China has warned against escalating trade tensions, pledging retaliation against countries that make deals with the U.S. to exclude it from supply chains. Additionally, Trump announced the imposition of a 50% tariff on copper imports and hinted at potential tariffs as high as 200% on pharmaceuticals.
Source: YAHOO