
Trump’s Tariff Blitz Reshapes Global Trade Landscape
The tariffs—ranging from 25% to 40%—will take effect August 1 and cover electronics, automotive components, and agricultural imports. Trump emphasized the need to “rebalance unfair trade deals that hollowed out American industry,” citing decades of outsourcing and foreign subsidies. On his first Asia trip, Secretary of State Marco Rubio faced a frosty reception in Kuala…