The US has announced new tariffs on 14 countries, ranging from 25% to 40%, effective from August 1. President Trump has issued formal letters to several nations, including Japan, South Korea, and Malaysia. The highest tariff of 40% is imposed on Laos and Myanmar. Trump stated that tariff talks with India are ongoing, while for other countries, the tariffs are non-negotiable. The White House emphasized Trump’s commitment to securing the best deals for American people and workers. Brazil’s president has warned of retaliation against US tariffs. Trump also threatened an additional 10% tariff on countries supporting BRICS, perceiving it as an attempt to undermine US interests. #tariffs #tradewar #globaltrade #itwebvideos #uspolicy #brics
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