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Home » Trump boosts tariffs across world, reshaping global commerce

Trump boosts tariffs across world, reshaping global commerce

Most of the tariffs will take effect after midnight on Aug. 7

Bloomberg NewsbyBloomberg News
August 1, 2025
in Risk Management
Reading Time: 4 mins read
0
General Motors vehicles bound for export at the Port of Incheon in South Korea. Photographer: SeongJoon Cho/Bloomberg

Photographer: SeongJoon Cho/Bloomberg

President Donald Trump unveiled a slew of new tariffs that boosted the average US rate on goods from across the world, forging ahead with his turbulent effort to reshape international commerce. The baseline rates for many trading partners remain unchanged at 10% from the duties Trump imposed in April, easing the worst fears of investors […]

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Tags: auto tariffsPremiumPresident Donald Trumptariffs
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