Playlist
U.S. to Introduce Trade Tariffs on 68 Countries and the European Union Starting August 7
U.S. President Donald Trump has signed an executive order introducing trade tariffs on 68 countries and the European Union, INTERFAX.RU reports.
According to CNN, the tariffs will take effect on August 7 “to provide sufficient time for customs and border authorities to implement the necessary changes.”
The White House emphasized that special arrangements would be made for certain countries, including China, Canada, and Mexico. For Canada, tariffs will be increased from 25% to 35%.
The highest tariffs, ranging from 30% to 41%, will be applied to goods from Algeria, Bosnia and Herzegovina, Iraq, Laos, Myanmar, and Syria.
For countries not listed in the order, a base tariff of 10% will be applied.
Among CIS countries, goods from Kazakhstan and Moldova will be subject to 25% tariffs, while goods from the European Union will face 15% customs duties.
Also read
Most viewed
British companies that invested in Bitcoin in 2025 lost £80 million ($106 million) due to its decline, ria.ru reports, citing an article in the Telegraph.
Companies listed on the London Stock Exchange spent £360 million on cryptocurrency purchases in 2025. According to the newspaper, they bought Bitcoin at a high price. This means 13 companies purchased 4,300 Bitcoins for $113,100, while the digital currency is currently worth around $88,000. In total, the losses amounted to £79.1 million.
According to the publication, Bitcoin's rise last year was driven by Donald Trump's victory in the US election and hopes that his administration would be favorable to cryptocurrencies.
However, by 2025, its price had fallen by almost 12 percent. The number of Britons investing in Bitcoin also fell from 12 percent to 8 percent.
Blitz