Trump Announces New Tariffs on Multiple Countries and Border Measures

1 min read
Source: CBS News
Trump Announces New Tariffs on Multiple Countries and Border Measures
Photo: CBS News
TL;DR Summary

President Trump announced new tariffs on over 60 countries just before the August 1 deadline, with rates up to 41%, affecting imports and trade agreements, while negotiations with key partners like China and Mexico continue. The move aims to reshape trade relations and generate revenue, but has raised concerns about economic uncertainty and higher consumer prices.

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