#TrumpTariffs

Donald Trump's administration has been actively enforcing and expanding tariffs as part of its trade policy. Recent developments include ¹ ² ³:

- *Tariff Rates:* Trump signed an executive order determining new reciprocal tariff rates effective August 1, 2025, targeting countries like Japan (25%), Korea (25%), and South Africa (30%).

- *Trade Partners:* Countries are categorized into "good faith negotiators" and "non-cooperative nations," with the latter facing punitive tariffs. The U.K. has signed a trade deal, while negotiations with the EU stalled.

- *Economic Impact:* Tariffs may lead to increased consumer prices, inflation, and potential GDP reduction. Companies are shifting supply chains to mitigate costs.

These tariffs aim to address trade imbalances and national security concerns.

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