#TrumpTariffs

President Donald Trump has signed tariff letters targeting 12 countries with rates up to 70%, effective August 1. The letters outline varying tariff rates, ranging from 10% to 70%, with specific rates of 20%, 25%, and 30%. This move is part of Trump's "reciprocal" tariffs policy, aiming to negotiate better trade deals. The tariffs could impact global trade dynamics and potentially spark retaliatory measures from affected countries. Trump's administration has already struck trade pacts with the UK and Vietnam and agreed to a truce with China, but other countries like the European Union and Japan are still negotiating.🔥🔥🔥