💨 Abstract

The President of the United States, Donald Trump, announced that the country will impose new reciprocal tariffs on several countries starting August 1, following a three-month negotiation period. These tariffs will range from 10% to 70%, with the specific rates depending on the country. Trump reportedly alluded that the EU and Japan might be among the affected nations, but many details, including the exact countries and final tariff rates, remain unclear.

Courtesy: WTOP Staff