#TrumpTariffs Trump announced new tariffs on imports from dozens of countries as part of his economic pressure strategy. Rates range from 25% to 40%, depending on the country. In particular, additional duties will be imposed on Japan, South Korea, Malaysia, Kazakhstan, South Africa, Laos, and Myanmar. Furthermore, any country that supports BRICS will automatically receive an additional 10%. The implementation of the tariffs has been postponed to August 1 to allow time for negotiations. Markets immediately reacted with a decline, especially in the high-tech and automotive sectors. Analysts warn of a possible new wave of global trade tensions.
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