Trump Announces Up to 70% Tariffs, Sending Notices to Trade Partners
TL;DR Summary
Global stock markets declined after President Trump announced plans to send tariff rate letters to countries, with rates potentially reaching up to 70%, causing investor concern ahead of the July 9 deadline for reciprocal tariffs, especially impacting vulnerable economies like South Korea, Germany, and France.
- Global Stocks Fall. Trump Says U.S. to Send Tariff Letters Friday With Rates Up to 70%. Barron's
- Trump says he is about to raise tariffs as high as 70% on some countries CNN
- Trump says US to start sending out tariff letters to trade partners BBC
- White House to Start Notifying Countries About Tariffs, Trump Says The New York Times
- Trump's tariffs deadline is looming for Europe. Here's where things stand CNBC
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