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Monday, July 14, 2025Potential New Tariff Rates for Canada, Mexico, the EU and Copper Products
Last week, the Trump administration sent letters to some of the country’s largest trading partners threatening to impose new tariff rates unless agreements were reached before Aug. 1. While the rates for each country vary, the basic content of each letter was the same – make satisfactory trade concessions to the U.S. or see an increase in import taxes. These latest communications are, in essence, a delay of President Donald Trump’s prior threat to fully impose the “reciprocal tariffs” set to take effect
Thursday, July 10, 2025Trump Hits Japan, South Korea With 25% Tariffs
President Donald Trump upped his tariff war again Monday, slapping a 25% tax on goods from Japan and South Korea and announcing new tariffs on five other countries. The taxes on Japan and South Korea, along with tariffs on Malaysia, Kazakhstan, South Africa, Laos and Myanmar, would go into effect on Aug. 1. Trump notified the various entities with letters posted to his social media site, Truth Social. Those letters, reported by a variety of media outlets, also warned leaders of those countries not to
