#TrumpTariffs Trump Pressures with New Tariffs as Negotiation Deadline Approaches 🌍📉

President Donald Trump is ramping up pressure on trade partners to reach new agreements before a crucial deadline: July 9. Starting today, Monday, the United States will begin sending letters to several countries, detailing the new elevated tariffs that could take effect on August 1, 2025.

What is happening and why is it so important?

* Ultimatum and Reciprocity: Trump has been clear: he seeks "reciprocal" trade agreements. After implementing a base tariff of 10% in April and threatening much higher rates, his administration had offered a temporary 90-day suspension to allow for negotiations. That deadline culminates this week, and patience appears to be running thin.

* Countries Under Pressure: Dozens of nations, especially those with significant trade surpluses with the U.S., are expected to be notified. Although the top 12 countries have not been publicly named, the European Union and India are among the partners that have faced difficulties in closing agreements and face the prospect of drastic tariffs on their exports.

* Additional Threat to BRICS: In a recent twist, Trump has promised to impose an additional 10% tariff on "any country that aligns with the anti-American policies of the BRICS."

* Economic Impact: Experts warn that a prolonged escalation of these tariffs could have significant repercussions for businesses and consumers globally and in the U.S., leading to higher import prices, potential disruptions in the supply chain, and a slowdown in global economic growth. While agreements have already been reached with the United Kingdom and Vietnam, the outlook remains uncertain for most. Markets will be closely watching the letters sent today and the reactions from the affected countries.

Sky News, CBS News

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