US President Donald Trump.Image Credit Source: Getty Images
US President Donald Trump has once again announced the rates of new tariffs. According to the information, this tariff will be applicable from August 1. The new fee rates will be different from the tariffs applied to special sectors like steel, aluminum and auto parts. Along with this, Washington has warned that if a country will try to avoid tariffs by sending goods through third countries, then it will also be fined with high rates.
Donald Trump said that Korean companies would not have to pay any tariffs if they choose to manufacture in the US itself. He also promised to approve such investments rapidly. But Trump also warned that if South Korea increases its tariff in response, the US would increase it as much as he added to the current tariff of 25%.
The news is being updated….