US EditionTrump'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.
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35 Articles
Donald Trump's new tariffs came into effect on Friday. This is another blow for the industry.
·Montreal, Canada
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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…
·Chicago, United States
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Depending on the country, these measures give rise to relief, resignation or willingness to negotiate a better agreement. ...
·Brussels, Belgium
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Total News Sources35
Leaning Left3Leaning Right0Center6Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 33%
C 67%
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