Trump tariffs explained: what’s changed and why have Asian countries been hit so hard?
by Guardian staff from on (#6YG1E)
The shifting timeline of Trump's tariffs, the most significant US tariff increase in nearly a century, has roiled global markets and caused widespread confusion
US President Donald Trump has ramped up threats to impose punishing tariffs on more than a dozen nations unless they can broker a deal before 1 August, marking the latest phase in his trade war.
The tax duties stem from Trump's so-called reciprocal" tariff package that was first announced in April, but then delayed for 90 days to allow for negotiations. That deadline, initially scheduled to end this week, has now been pushed back to August.
Continue reading...