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Washington, August 1, 2025 — In a sweeping escalation of U.S. trade policy, President Donald Trump has imposed new tariffs of up to 41% on imports from 70 countries, invoking emergency powers to justify the broad economic move. The tariffs, announced ahead of a self-imposed August 1 deadline, will officially take effect on August 7.The White House said the new levies aim to curb persistent trade deficits and promote domestic manufacturing. Trump declared the action a “necessary correction” to decades of what he termed unfair trade practices. "We’re no longer going to let other nations take advantage of American workers,"…