Reciprocal Tariffs: Trump Sends Letter to 12 Countries, 70% Increase Starting August 2025
Former U.S. President Donald Trump has sent official letters to 12 countries, announcing a substantial increase in reciprocal tariffs starting in August 2025. This policy, aimed at correcting trade imbalances, could raise tariffs by up to 70%. Trump’s move intends to address what he calls “unfair foreign competition” and ensure that U.S. businesses receive better…