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President Donald Trump has signed letters to impose new tariffs on 12 countries, with details on affected goods and rates to be revealed on July 7. Trump hinted some tariffs could reach up to 70%, effective from August 1. Negotiations with countries like Japan and the EU failed, prompting this decisive move. The 90-day suspension period for higher tariffs ends July 9. These letters carry significant economic and diplomatic implications, with global responses now under watch.

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Jugantor 05 Jul 25

Trump Imposes New Tariffs on 12 Countries

The United States has announced new tariff rates on 12 countries, with President Donald Trump signing letters detailing the changes. These letters outline the specific products and the percentage of tariffs that will be imposed on goods exported to the U.S. from these countries. The names of the countries involved are expected to be revealed on Monday, July 7.


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