President Donald Trump this week extended his “Liberation Day” tariff pause again and sent nearly a half dozen letters to trading partners announcing new tariff rates for their countries.
The higher tariffs would kick in on Aug. 1 unless the countries can seal a new trade deal with the United States.
NINETY DEALS IN 90 DAYS: TRUMP’S TARIFF PAUSE CLOUDS ‘LIBERATION DAY’ ECONOMIC FORECAST
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Trump’s tariff campaign began on April 2 when he announced “Liberation Day” tariffs on U.S. trading partners. Each country would see at least a 10% baseline tariff, and more than 50 other countries were hit with additional higher rates.
In announcing the new rates, Trump declared a national emergency caused by the “massive U.S. goods trade deficit.” The higher tariffs were needed
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