Tariff War 2.0
Trump plans to begin the next phase of his tariff war on 1 August after releasing a series of letters to multiple countries’ leaders announcing what the US’ rate will become on that day. The most important of these concern the 35% tariffs on Canada, the 30% ones on the EU and Mexico, and the 25% tariffs on Japan and South Korea. These are among the US’ top trading partners. His letters also threatened to match whatever retaliatory tariffs they might impose on the US and add them to the aforesaid levels.
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