๐บ๐ธ JUST IN: The United States will introduce new tariffs on seven countries starting August 1, aiming to reduce trade deficits and strengthen domestic manufacturing.
The new tariff rates are as follows:
๐ง๐ฉ Bangladesh โ 35%
๐ฎ๐ฉ Indonesia โ 32%
๐ง๐ฆ Bosnia & Herzegovina โ 30%
๐น๐ณ Tunisia โ 25%
๐ท๐ธ Serbia โ 35%
๐ฐ๐ญ Cambodia โ 36%
๐น๐ญ Thailand โ 36%
This move is part of a broader economic strategy to promote fairer trade practices and address long-standing imbalances. U.S. officials argue that foreign producers have benefited from favorable trade conditions for too long, often at the expense of American industries and jobs.
The announcement has triggered strong reactions from several of the affected countries, with some warning of potential retaliatory measures.