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Gate Square New & Returning Creator Rewards are ongoing!
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Trade tensions between the US and the EU are escalating.
Starting from August 1, a 30% tariff will be imposed in the USA on all imports from the European Union, in addition to the existing sectoral duties.
Washington warns that if the EU responds with similar measures, tariffs could increase significantly.
In response, the President of the European Commission stated that Europe is already developing countermeasures that will be implemented in early August.
In addition, the EU plans coordinated actions with other affected countries, such as Canada and Japan.