#TrumpTariffs

🛃 What’s Happening Now

Letters sent to trade partners: The Trump administration began dispatching "tariff letters" on July 7, informing around 12–100 countries of impending tariff hikes if trade agreements aren't finalized by July 9—a 90-day pause set in April is now ending .

Effective date shifted to August 1: Commerce Secretary Lutnick and Treasury Secretary Bessent confirmed that new or reverted tariffs will take effect August 1, not July 9 .

Tariff range & scope: Covering baseline 10% tariffs and up to 70% for some goods; BRICS-aligned countries face an added 10% surcharge .