#TrumpTariffs With pleasure! Here is a comprehensive translation of the previous text into Arabic:
📅 Schedule and Scope of Tariffs
April 2, 2025 (‘Liberation Day’): Trump announced an almost 10% base tariff on all imports using the powers of the International Economic Emergency Powers Act (IEEPA), with sectoral tariffs ranging from 25% to 50%, and tariffs on Chinese goods potentially reaching 145%.
July 9, 2025: A 90-day suspension period on many of the higher tariffs ended — leaving the base tariff at 10% — while higher tariffs are expected to resume later.
New deadline – August 1: Trade Secretary Loutnik confirmed that most tariffs will take effect on August 1, with messages sent to trading partners by July 9, including an additional 10% tariff on countries allied with ‘BRICS’.
🌍 Global Reactions and Markets
Varied impact on markets: Stock futures fell and the US dollar rose following the tariff announcements. Asian and European indices experienced varied fluctuations, and prices of industrial metals declined.
Rejection from the BRICS group: BRICS countries condemned this American move, describing it as ‘coercive’ and inconsistent with World Trade Organization principles.
⚖️ Economic Impacts and Legal Challenges
Costs on American businesses: An AP study estimated that business owners in the United States...