Archive · 29 Jul 2025

Trump Announces New Global Tariff Plans, Raising Rates

Trump Announces New Global Tariff Plans, Raising Rates

President Trump is planning new taxes, called tariffs, on products from countries that don't have trade agreements with the US.

These tariffs will likely be between 15% and 20%.

This is to change how the US trades with other nations, a range higher than the 10% tariff announced previously.

While this is happening, the US recently agreed on trade deals with Japan, Indonesia, and the Philippines.

Sources