Tariffs ranging from 10% to 50% were implemented at midnight on over 60 countries that failed to reach agreements with the United States by President Trump’s latest deadline. The tariffs were part of Trump’s efforts to renegotiate trade deals and prioritize American interests. Despite reaching deals with countries like South Korea, the European Union, Japan, Indonesia, and the Philippines, many others faced the consequences of the new tariffs. The United States’ decision to impose these tariffs sparked concerns and uncertainties in the global market.
