Trump Administration Set to Unveil New Tariffs, Stoking Global Economic Concerns
President Donald Trump has announced that his administration will begin notifying trading partners of new U.S. tariffs, some potentially as high as 70%, set to take effect on August 1. This move comes as the July 9 deadline for the expiration of a temporary pause on global tariffs approaches. ([axios.com](https://www.axios.com/2025/06/29/trump-tariffs-pause?utm_source=openai)) In recent statements, President Trump…