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Trump signs off on tariffs but what happens on August 1?

Trump signs off on tariffs but what happens on August 1?

President Trump has signed letters confirming new tariffs on exports from 12 countries, with rates ranging from 10% to 70% and a potential start date of August 1. As global markets react and the EU scrambles to respond, we break down what this means for trade, the economy, and America's key allies.