The 90-day pause has come to an end, and the tariffs are back. The interim stage, when most countries were paying a set 10 percent levy, is now shifting, with many countries likely having to pay very substantial tariffs. President Donald Trump has now issued letters to several international leaders announcing the new tariff rates starting August 1st. And with this move, Trump is also detailing his vision of what this tariff policy will lead to.

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