Trump Announces New Unilateral Tariffs Impacting Major Trade Partners Starting August 1
2025-07-05 09:40:33
Main Idea
US President Donald Trump announced new unilateral tariffs ranging from 10% to 70% on major trade partners, set to take effect from August 1.
Key Points
1. The US government will impose unilateral tariff rates from August 1.
2. Tariffs range from 10% to 70%, marking a significant shift in US trade policy.
3. Japan faces potential tariffs as high as 35%.
Description
On July 4, US President Donald Trump announced that the US government will initiate the dispatch of formal letters to trade partners, outlining new unilateral tariff rates expected to take
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