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US Hikes Reciprocal Tariffs for Asian Countries to Max. 40%, Effective Next Thur
The White House announced yesterday (July 31) the tariff rates for various countries, with Taiwan set at 20%, Japan and South Korea at 15%, and Myanmar at 40%. These rates will tak...
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US Hikes Reciprocal Tariffs for Asian Countries to Max. 40%, Effective Next Thur
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The White House announced yesterday (July 31) the tariff rates for various countries, with Taiwan set at 20%, Japan and South Korea at 15%, and Myanmar at 40%. These rates will take effect starting at 12:01 am on August 7, US time.

In an executive order statement, President Donald Trump stated that the long-standing and substantial annual trade deficit in goods poses an unusual and immense threat, jeopardizing US national security and economy, with this threat largely originating from outside the US.

Related NewsADP Employment Change for Jul in United States is 104K, higher than the previous value of -33K. The forecast was 75K.

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