Amid Trump’s trade war blitz, any tariff pause extension between the US and China will need the US president’s approval.
President Donald Trump has unveiled new reciprocal tariffs on imports from dozens of countries, ranging from 10 percent to 41 percent, forging ahead with his efforts to reshape international trade.
On Thursday, the White House issued a statement entitled “Further Modifying the Reciprocal Tariff Rates”, in which some 69 trading partners and their respective “adjusted” tariff rates were listed.
These are changes to import levies since the tariffs announced on April 2 (and later paused until August 1), the day Donald Trump referred to as “Liberation Day”. Rates have dropped for most countries, but not all. Most of the new tariffs will go into effect on August 7.
Imports from roughly 40 countries will face a new 15 percent rate on goods they export to the United States, while other nations’ products will be hit with higher duties. The United Kingdom and Australia will pay 10 percent.
