Newly announced tariffs on imports to the U.S. — between 25% to 40% depending on the country — are set to take effect Aug. 1, according to a press release from the Vision Council.
The White House announced on July 7 that a 90-day pause on increased tariffs, set to expire on July 9, would be extended to Aug. 1. In addition, President Donald J. Trump began issuing letters to trading partners informing them of a “revised reciprocal tariff rate” either higher or lower than previously announced rates, according to (Read more...)