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Bloomberg Quint

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Image Credit: Bloomberg Quint

Trump Plans To Start Notifying Countries Of US Tariffs Up To 70%

  • Trump plans to notify countries of US tariffs up to 70% effective Aug. 1.
  • The new tariff rates will range from 60% to 70% for certain countries.
  • Stocks drop as Trump's tariff threat impacts global markets and inflation risks rise.
  • US has secured deals with UK, Vietnam, and truces with China amidst ongoing negotiations.
  • Trump aims for simple tariff deals while expressing optimism with India but tension with Japan.

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