šÆ Trumpās Fireworks: Tariff Letters Drop on July 4thāBecause Nothing Says Freedom Like a 70% Tax
On the very day Americans celebrate independence with hot dogs and explosions, President Donald Trump is preparing a different kind of bang: unilateral tariff letters to over 100 countries, scheduled for delivery this Friday, July 4. These arenāt just friendly remindersāthey come with taxes of up to 70% on exports to the U.S. A not-so-subtle shift from diplomacy to economic muscle-flexing.
Originally planning 90 bilateral trade deals in 90 days, Trump has pivoted to what he calls āsimple and fast.ā According to officials, about 100 countries will receive baseline 10% reciprocal tariffs, while top economies like the EU, India, and Japan could see penalties of 20ā30%. And those who didnāt pick up the phone? They might get slapped with 50% to 70%. America First, indeed.
The clock is ticking: a 90-day pause on new tariffs expires July 8, and if no deals are finalized, the full set of penalties may come crashing down just a day later. Markets are already feeling the tension, with U.S. futures and European indexes dipping, and commodities pricing in possible disruptions.
And now, about the Fourth of July: what better way to honor liberty than by blowing up international trade deals? While Americans fire up grills and wave flags, the White House is lighting diplomatic bridges on fire. Founding Fathers, eat your heart out.
So, as fireworks fill the sky tonight, rememberāitās not just the rockets that are red, white, and booming. Global trade just joined the party. šš¼