Trump announces new levies of up to 40% as he steps up his trade wars but also extends a previous pause. Key US politics stories from Monday 7 July
Donald Trump’s new tariff rates of as much as 40% for 14 countries have drawn muted responses from the hardest hit Asian countries who are hoping to renegotiate them before they come into effect next month.
Japan, South Korea, Malaysia, Kazakhstan and Tunisia were handed the lowest tariff rate of 25% while Laos and Myanmar – both facing high rates of poverty – were hit with the highest at 40%.
