Trump's Tariffs Give some Countries a Break, While Shares and U.S. Dollar Sink
UNITED STATES, AUG 1 – Tariffs on imports from multiple countries are set to take effect Aug. 7 as negotiations continue amid efforts to address trade imbalances and security concerns, officials said.
- Following negotiations, U.S. President Donald Trump rolled out tariff rates up to 41% on Aug. 7, affecting dozens of countries.
- Donald Trump, U.S. President, threatened to withhold trade deals from Cambodia and Thailand over their armed border conflict, citing lack of cooperation in drug trafficking efforts.
- Following negotiations, South Korea's tariff rate was set at 15%, and Taiwan's was lowered to 20% from 32%, according to the agreement.
- Responding to the tariff announcements, Asian stocks and forex markets cooled as South Korea's Kospi dropped nearly 4% and the U.S. dollar weakened to over 150 yen.
- Earlier this week in Stockholm, talks on U.S.-China tariffs produced no deal, and Trump has yet to say if he will extend the Aug. 12 pause on Chinese import duties.
39 Articles
39 Articles
The president of the United States has decreed the imposition of new and, in some cases, high tariffs on imports of products from almost 70 countries with which he has not yet reached trade agreements. But they will enter into force on 7 August, once again postponing the date (yesterday) that he had announced in principle. This adds to the tariffs already agreed with the European Union, Japan, South Korea, the Philippines, Indonesia, Cambodia, T…
Donald Trump's new tariffs came into effect on Friday. This is another blow for the industry.
A Side Effect of Trump's Tariffs: Making Ozempic Way More Expensive
President Donald Trump's new European tariffs may spell bad news for Novo Nordisk, maker of Ozempic and Wegovy. As Axios reports, the 15 percent tariffs he's levying on goods imported into the United States from the European Union are likely to drive up already-expensive drug prices for the blockbuster weight loss jabs, which can already cost more than $1,300 per month's supply without insurance. Slated to go into effect on August 7, this new ag…
President Donald Trump’s new tariffs give some countries a break, while shares and US dollar sink
BANGKOK — U.S. President Donald Trump’s new tariff rates of up to 41% on U.S. imports from dozens of countries drew expressions of relief Friday from some countries that negotiated a deal or managed to whittle them down from rates announced in April. Others expressed disappointment or frustration over running out of time after hitting Trump’s Aug. 1 deadline for striking deals with America’s trading partners. The new rates are due to take effect…
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