https://www.taxtmi.com/news?id=51232 An executive order imposes new tariffs on 68 countries and the European Union, effective within seven days, establishing a 10 per cent minimum rate for nearly all partners and allowing higher surcharges for surplus nations; the policy raises average US tariff levels and restructures import cost calculations, prompting immediate global market declines and sectoral disruptions. Concurrently, the administration requested major pharmaceutical firms to cut prices and implement changes within sixty days. en-us Fri, 01 Aug 2025 14:46:03 +0530 Fri, 01 Aug 2025 14:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=51232 An executive order imposes new tariffs on 68 countries and the European Union, effective within seven days, establishing a 10 per cent minimum rate for nearly all partners and allowing higher surcharges for surplus nations; the policy raises average US tariff levels and restructures import cost calculations, prompting immediate global market declines and sectoral disruptions. Concurrently, the administration requested major pharmaceutical firms to cut prices and implement changes within sixty days. News - Fri, 01 Aug 2025 14:46:03 +0530 https://www.taxtmi.com/news?id=51232