🇺🇸 Trump triggers tariff avalanche one day before the deadline
On July 31, Donald Trump announced a wave of new tariffs and trade deals, reshaping the global trade landscape—from India to copper and South Korea.
📌 Key measures:
⚫ South Korea — 15% tariff, including on automobiles
⚫ India — 25% tariff + threat of sanctions for buying Russian oil and weapons
⚫ Thailand and Cambodia — trade disputes resolved, deals in preparation
⚫ Taiwan — “some consensus” reached, draft agreement in progress
⚫ Malaysia — Trump promised to announce a tariff on Friday
📋 Additional moves:
⚫ Copper — selective 50% tariff introduced, but core product types exempted
⚫ From August 29 — new tariffs on small parcels under $800
⚫ Brazil — partial exemption, stock market and currency surge
⚫ Canada — talks at risk after Trump’s remarks on supporting Palestine
“Can’t see the forest for the trees” — Rob Subbaraman, Nomura
“This is a very bad sign” — Alicia Garcia Herrero, Natixis
“We’ll have a very fair deal with China” — Trump
The Trump administration is playing hardball: pressure, deadlines, and tariff threats on all fronts. Even allies are being forced into unfavorable deals just to avoid 50% duties. Risks to the global economy and trust in the U.S. are mounting.
#TrumpCrypto #tarriffs