Trump Boosts Tariffs Across World, Reshaping Global Commerce

WATCH: Trump unveiled new tariffs that boosted the average US rate on goods from across the world. Katia Dmitrieva breaks down the situation.Source: Bloomberg

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By Catherine Lucey and Josh Wingrove

July 31, 2025 at 7:12 PM EDT

Updated on

August 1, 2025 at 2:10 AM EDT

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President Donald Trump unveiled a slew of new tariffs that boosted the average US rate on goods from across the world, forging ahead with his turbulent effort to reshape international commerce.