Trump announces new tariffs on imports from several countries
Big update on US trade: President Trump just announced a wave of new tariffs on goods coming in from multiple countries, starting August 7.
The goal? To shake up trade deals and tackle the US trade deficit.
Some countries are hit harder than others—Myanmar faces a 40% tariff, Syria tops the list at 41%, India gets a total of 50%, and Brazil will see both a 10% base tariff plus an extra 40%.
The EU's new rates range from 0% to 15%, depending on where things are coming from.
What does this mean for the average person?
These tariffs are part of Trump's bigger plan to rebalance how the US trades with other nations.
It could mean higher prices for some imported products and might spark more talks (or even pushback) from countries affected by these changes.
If you're into global politics or just curious about how this could impact stuff you buy, it's definitely one to watch.