#TrumpTariffs 🚨 BREAKING: Trump Slaps New Tariffs on 14 Countries
In a major trade move, former President Donald Trump has announced new tariffs on 14 countries, including 25% duties on Japan and South Korea, 40% on Myanmar and Laos, and 30% on South Africa. These tariffs will take effect from August 1, 2025, though Trump hinted the rates could change depending on “future relations.”
Markets reacted sharply — the Dow plunged 600 points, and the S&P 500 fell 0.8%. China called the move “economic bullying” and warned of retaliation.
U.S. Treasury Secretary Scott Bessant signaled more trade agreements may follow, intensifying global trade tensions.