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A US flag flutters near shipping containers as a ship is unloaded at the Port of Los Angeles, in San Pedro, California, US, May 1, 2025. Photo: REUTERS/Mike Blake/ File Photo

Explainer: The impact of Trumps new tariffs

Since returning to the US presidency, Donald Trump has announced global tariffs, before putting a pause on them in order to negotiate advantageous trade deals

Containers are loaded onto a cargo ship while docked at a port under the Port Authority of Thailand, following the announcement that US President Donald Trump would impose tariffs of 36% on goods from Thailand starting on August 1, in Bangkok, Thailand, July 8, 2025. Photo: REUTERS/Athit Perawongmetha/File Photo

Markets dive after Trump hits more countries with steep tariffs

US dollar banknotes are seen in this illustration taken May 4, 2025. Photo: REUTERS/Dado Ruvic/Illustration

Dollar tumbles, traders bet on more US rate cuts after weak jobs report

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, US, July 30, 2025. Photo: REUTERS/Jeenah Moon

Stocks slump on latest tariffs, soft jobs data

A Wall Street sign outside the New York Stock Exchange in New York City, New York, U.S., October 2, 2020. REUTERS/Carlo Allegri

AI gains and strong earnings support Wall Street as tariff woes linger

US Treasury Secretary Scott Bessent speaks during a press conference at government quarters Rosenbad after the trade talks between the US and China concluded, in Stockholm, Sweden, July 29, 2025. Photo: Magnus Lejhall/TT News Agency/via REUTERS/File Photo

Bessent says US has 'makings of a deal' with China

US President Donald Trump walks after disembarking Marine One as he arrives at the White House in Washington, DC, US, July 6, 2025. Photo: REUTERS/Ken Cedeno/ File Photo

Trump fires US labor official over data and gets earlier than expected chance to reshape Fed

Shipping containers are seen at the Karachi port in Karachi, Pakistan, June 10, 2025. Photo: REUTERS/Akhtar Soomro/File Photo

Pakistan says it wins US tariff deal; Trump cites oil reserves pact

US President Donald Trump meets with European Commission President Ursula von der Leyen (not pictured), in Turnberry, Scotland, Britain, July 27, 2025. Photo: REUTERS/Evelyn Hockstein

Trump says US does very little business with India, almost none with Russia