#TrumpTariffs

🔷"Liberation Day” Tariffs**: Announced April 2, 2025, these reciprocal duties started at a 10% baseline (with heavier levies up to 50%+ on targeted imports), and were paused for 90 days to allow trade talks

The 90-day pause expires July 9, post which tariffs revert to April levels unless nations finalize deals that reduce rates .

Starting July 7 at noon ET, the U.S. began sending letters to approximately 100 countries notifying them of impending tariffs effective August 1 .