10 July 2025 Another round of tariffs Economics Who's affected and the global trade impact Over the past few days, the US has issued a wide range of economies with letters informing them of the tariff rate that their goods will be subject to when imported into the US. The rates vary, but are seemingly correlated with the 'reciprocal' rates announced on 2 April – suggesting that trade balances between the given economy and the US are a key driver of these new tariff rates. These new tariff rates will come in ...