How are countries and markets reacting to Trump tariffs? | Donald Trump News

President Donald Trump’s administration has unveiled a range of new tariffs to take effect in one week on most US trading partners.

Nearly 70 countries face Trump’s import duties that were due to come into force on August 1; most were delayed at the last minute and will begin on August 7.

Trump sees the tariffs as an economic tool of power that will put US exporters in a stronger position, by keeping out imports and encouraging domestic manufacturing.

While the situation remains dynamic,…