President Donald Trump (L) greets Philippine President Ferdinand Marcos Jr. at the White House on July 22, 2025. Win McNamee/Getty Images
A few hours before the long-awaited Aug. 1 deadline, President Donald Trump implemented new tariff regimes for dozens of countries worldwide.
The White House introduced a universal tariff of 10 percent for foreign goods entering the United States. This baseline levy will apply to countries with which the United States exports more than it imports, also known as a trade surplus.
Original News Source Link – Epoch Times
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