Trump Announces 60%-70% Tariffs Starting August 1, Impacting 10-12 Countries

On July 4, US President Trump announced the implementation of tariffs between 60% to 70% and 10% to 20% targeting various international markets. These trade measures are scheduled to take effect from August 1, signaling a significant shift in US trade policy. Notifications regarding the tariffs will commence distribution this Friday, with an estimated 10 to 12 countries expected to receive formal communication. This development underscores the ongoing geopolitical tensions influencing global economic dynamics and may have consequential impacts on international trade flows and market volatility.

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