5 takeaways from new US tariffs: Trump and UK win, South Korea loses

China-America interdependence recognized, next focus is on USMCA

20250731N Flag Container Reuters

U.S. flags flutter in front of shipping containers at the Port of Long Beach in California on July 11. © Reuters

KEN MORIYASU and PAK YIU

WASHINGTON/NEW YORK -- President Donald Trump's self-imposed trade deadline expired on Friday, putting in place a new trade landscape -- one in which countries pay for the right to access the American market.

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