Trump Imposes New Tariffs on 12 Countries

US President Donald Trump announced new import tariffs on 12 countries, including Tunisia, Malaysia, Kazakhstan, and South Africa. The tariffs, ranging from 25% to 40%, will take effect on August 1. Trump stated the rates may change depending on diplomatic relations and warned that any retaliation would be met with a response. He also noted that a trade agreement with India is nearing completion.