- US President Donald Trump announced a new wave of reciprocal tariffs, ranging from 10% to 40%, affecting over 90 countries.
- The announcement was made on Thursday, 31 July, just hours before the original 1 August deadline for the new levies.
- The White House stated that foreign leaders are contacting Mr Trump to negotiate trade deals in response to the impending tariffs.
- While most of the announced tariffs will take effect on 7 August, a 35% tariff on Canada began on 1 August.
- Watch the video in full above.
IN FULL
