`trade-deficit` Related Article Results

The Donald Trump administration introduced new customs duties targeting numerous countries through a presidential proclamation titled “Further Modifying the Reciprocal Tariff Rates,” which was signed on July 31, 2025. These new regulations are a continuation of the “Liberation Day” tariffs announced on April 2, 2025, and have comprehensively redefined the differentiated tax rates applied to countries with which the U.S. has a trade deficit. Under the new tariff regime, special tax rates have bee

The Trump administration introduced a number of new customs duties on 31 July 2025 through Presidential Proclamation titled “Further Modifying the Reciprocal Tariff Rates”. These measures constitute a continuation of the “Liberation Day” tariffs announced on 2 April 2025 and comprehensively redefine differentiated tariff rates applied against countries with trade deficits. Under the new tariff regime, special tariff rates have been set for 69 countries ranging from 10% to 41%. A universal tariff