With the August 1 deadline looming, Trump confirmed no further extensions, calling it “a big day for America” in a Truth Social post.
Brazil faces a delayed 50 percent tariff starting August 6, though key exports like orange juice and aircraft are exempt.
Deals with South Korea, the EU, and others have softened the blow, with Seoul securing a 15 percent rate instead of the threatened 25 percent.
Yale University’s Budget Lab notes US tariffs are already at 1930s levels, risking economic strain.
Trump insists the moves bolster national security and revenue, but critics argue they disrupt global trade stability. - AFP
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