President Donald Trump’s new country-specific tariffs came into effect at midnight on Thursday, targeting nearly 70 US trade partners. Initially announced by the White House last week, the new duties range from 10% to 41%.
The new rates are part of Trump’s broader tariff campaign launched in April, when he accused other countries of unfair trade imbalances. He has framed the measures as a “reciprocal” response to secure better trade terms. After a 90-day pause introduced a week later and a four-week delay announced in July, Trump last week confirmed the new rates will become effective on August 7.
While some countries now face lower duties…
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