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Trump vows tariff hikes of up to 70%, says nations will ‘start to pay’ in August

News RoomBy News RoomJuly 4, 2025
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The US President Donald Trump has been announcing new tariffs on 284 affected companies as early as Friday, according to media reports. These tariffs, which could apply to goods departing from the United States to other countries, could bring a significant increase in tariffs. The proposed tariffs, known as the measures carried out in April, include a range of tariffs, including 10%, 20%, and 40% rates, depending on the type of goods taxed. The tariffs are set to take effect from August 1st and are expected to amount to up to 70% of the value of the goods being imported. Trump emphasized that this is a bold and bold move, and the administration has expertise to keep the government on track for successful implementation.

The tariffs come as the U.S. has been involved in talks with several economies, including South Korea, through the trade agreements of which the勃(sorted)dict has yet to be finalized. These discussions are widely regarded as crucial and involve delicate issues, with each country attempting to navigate the complexities of global trade andῐmProfit margins

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