U.S.: Trump Announces 25% to 40% Tariffs From Aug. 1 on Seven Trading Partners

On July 7, U.S. President Donald Trump published on Truth Social seven letters addressed to the leaders of South Korea, South Africa, Japan, Malaysia, Myanmar, Kazakhstan and Laos informing them that the United States would begin implementing 25%-40% tariffs on their goods on Aug. 1, adding that the rate would double if the countries increased tariffs on U.S. goods in retaliation....