Trump imposes 'reciprocal' tariffs on dozens of countries, effective August 7

President Trump has signed an executive order imposing new tariffs ranging from 10% to 41% on imports from multiple countries, including India (25%), Taiwan (20%), and South Africa (30%). These "reciprocal" tariffs, set to take effect on August 7, aim to match what the U.S. claims are unfair trade practices by other nations.