Trump Imposes Global Tariffs Affecting Dozens of Countries from August

U.S. President Donald Trump has implemented a series of new tariffs ranging from 10% to 50% on numerous countries, aiming to address the U.S. trade deficit and reshape global trade dynamics. While Canada faces an increased tariff from 25% to 35%, countries like Thailand successfully negotiated lower rates, with a 19% tariff agreement hailed as a diplomatic win. The U.S. also struck deals with the UK, EU, South Korea, and others, imposing baseline tariffs generally around 10-20%, but maintained a 90-day tariff reprieve for Mexico due to border complexities. These tariffs have generated substantial revenue, such as $27 billion in June, but the approach faces legal challenges within the U.S. Court of International Trade. Critics warn that despite some short-term successes and trade deals, the long-term economic repercussions remain uncertain and could impact global alliances and U.S. economic interests. The tariff policy reflects Trump's effort to assert American economic strength, but also risks escalating trade tensions worldwide.