U.S. Trade Deadline Triggers Highest Tariff Increase in 2025, Plus the Historical Tariffs that Changed the World

President Trump’s self-imposed trade deadline of August 1 has arrived, leading to tariffs on countries that did not finalize bilateral trade agreements with the United States. Though many countries succeeded in striking a deal with America, including Japan and the U.K., others failed to do so and will face the consequences of rising import taxes. […]