Afghanistan, Aug. 1 -- The White House announced a new tariff policy, imposing 15% rates on nations with trade deficits and keeping 10% for surplus countries, sparking global trade concerns.
The White House, in the final hours before the August 1 deadline, unveiled a new tariff policy reshaping how countries trade with the United States.
Under the plan, a 10 percent tariff rate will remain for nations with a trade surplus with the U.S., while those with a trade deficit face a 15 percent base rate.
The change, set to take effect August 7, is part of President Trump's broader strategy to tackle America's chronic trade imbalance and prioritize domestic economic interests.
A senior administration official explained that the 10 percent tarif...