Trump announces new ‘reciprocal’ tariff rates

Aug 1, 2025 - 14:00
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Trump announces new ‘reciprocal’ tariff rates
President Trump on Thursday announced tariff rates for dozens of countries that will take effect on Aug. 7, potentially upending the global trade system. Trump signed an executive order that modified tariff rates for dozens of countries after he had twice delayed plans to implement “reciprocal” tariffs on other nations. Tariff rates range from as…