#TrumpTariffs Donald Trump's latest tariff moves are making waves again. Here's a quick breakdown of what's happening:
RECEIPT
New Tariff Announcements
• Trump has proposed an additional 10% tariff on any country that signs trade agreements with the BRICS nations (Brazil, Russia, India, China, South Africa) 1.
• These tariffs could rise up to 50% if no trade deals are reached by August 1st,
with letters already being sent to affected countries 1.
Tensions with the EU
• The U.S. is threatening tariffs up to 20% on European exports unless the
EU grants exemptions from certain regulations