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Benzinga
Benzinga
Business
Rounak Jain

Trump Says US Will Raise Tariffs To Up To 70% As July 9 Deadline Looms

Donald Trump Shutterstock

President Donald Trump has announced that his administration will begin informing trading partners about new tariffs on their exports starting this Friday.

What Happened: These tariffs are scheduled to take effect on August 1. Trump mentioned that approximately “10 or 12” letters will be sent out initially, with more to follow in the coming days, according to a Bloomberg report on Friday.

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