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flag U.S. to impose tariffs on trading partners starting Aug 1, with some countries agreeing to higher rates.

flag The U.S. plans to impose tariffs on trading partners starting August 1, with no extensions, according to Commerce Secretary Howard Lutnick. flag Five countries, including Britain and Japan, have struck deals with the U.S. ahead of the deadline, accepting tariffs higher than the 10% base rate but lower than initially threatened levels. flag President Trump remains open to further negotiations, particularly with the European Union, which aims to reduce a 30% tariff rate set for August 1.

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