US EditionTrump delays tariff hike again. Here are the new tariff rates.
UNITED STATES, JUL 8 – President Trump extended the tariff pause until August 1 and adjusted rates for 14 countries to encourage trade deals and avoid retaliation, the White House said.
- On Wednesday, President Donald Trump delayed the tariff deadline to August 1, sending letters on July 7 to multiple countries and pledging no further extensions.
- President Donald Trump extended the tariff pause to August 1, posting letters to Japan and South Korea urging no retaliation and warning of new tariffs if deals aren't struck by then.
- Among these changes, tariffs now range from 25% to 50%, with a 1% increase for Japan and Malaysia and a 13% decrease for Cambodia, according to official letters sent last week.
- This extension prolongs uncertainty for importers of appliances, electronics, chemicals, plastics, and rubber, while giving more time for trade deal negotiations.
- Beyond the immediate effects, UBS warns that if tariffs revert after August 1, U.S. growth could slow from 0.9% to 0.6%, highlighting ongoing economic uncertainty.
35 Articles
35 Articles
Economist calls out Trump for copying old tariff numbers ‘almost exactly’
As President Donald Trump rolls out a new slate of tariffs, one economist ripped the president for copying his own tariff rates introduced back in April “almost exactly,” calling the logic behind the new rates “destructive, incoherent and ridiculous” on MSNBC Wednesday.“The suggested new tariff rate for each of these countries will be almost exactly the same as what he said back on April 2,” said Australian economist Justin Wolfers on MSNBC. “Ju…
The high tariffs at the beginning of April have been paused. But now the levels are starting to rise again. We should be just as alarmed this time.
BOJ will hold off rate hikes until March due to US tariff hit, ex-policymaker says
TOKYO :The Bank of Japan will likely hold off raising interest rates again until at least next March to assess the damage that U.S. tariffs could inflict on the economy, former central bank policymaker Makoto Sakurai said on Wednesday.U.S. President Donald Trump on Monday ramped up his trade war by notifying
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