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Trump says tariffs set to rise as high as 70%: White House to begin sending notices to countries; businesses await announcements

IndiaTimes Friday, 4 July 2025
US President Trump is reinstating tariffs, paused for 90 days, as deals with various countries remain elusive. Letters will be sent to nations, outlining tariffs ranging from 10% to potentially 70%, effective August 1st. While some countries like China, Britain, and Vietnam have reached agreements, negotiations with others, including the EU and Japan, are ongoing.
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