#TRUMP #globaleconomy

🚨 Trump’s Tariff Deadline Looms: Up to 70% Tariffs on Key Trading Partners from Aug 1 🚨

President Trump has set a July 9 deadline for countries to finalize trade deals with the US or face steep tariffs ranging from 10% to 70%. Letters outlining the new rates will be sent to a dozen countries this Friday. The move follows a 90-day negotiation period with a temporary 10% tariff already in place.

🔍 What’s at Stake?

• Countries like Korea, Indonesia, Switzerland, and the EU are in urgent talks.

• Trump has called out Japan and the EU for “exploiting” trade deals, hinting at 17% higher tariffs on EU goods like Belgian chocolate, Irish butter, and Italian olive oil.

• Global markets are already feeling the heat, with declines in Asia and Europe.

📉 Economic Impact Economists warn these tariffs could fuel global inflation and raise costs for US consumers. Industries like tech, manufacturing, and agriculture may face significant disruptions.

🗳️ Trump’s message is clear: “The money will start coming into the United States on August 1.” Will these aggressive tactics secure better trade terms, or spark a global trade war?