#TrumpTariffs "As the July 9 deadline for a tariff pause nears, former President Donald Trump has announced new tariffs on 12 countries, effective August 1, 2025, ranging from 10% to 70%. Vietnam will face a 20% tariff on direct exports to the U.S. and a 40% tariff on products routed through Vietnam from other nations like China. Trump is also considering a 27.5% tariff on European cars, which could provoke EU retaliation and raise concerns about a trade conflict. These tariffs may increase consumer prices and disrupt global supply chains, especially in the automotive and technology sectors. Key dates are July 9, 2025, for the tariff pause end, and August 1, 2025, for the new tariffs' start."