#TrumpTariffs

President Trump plans to announce new tariff rates this week, with letters sent to countries starting today. The higher tariffs, initially set for July 9, will now take effect on August 1, giving a three-week reprieve.

Deals have been finalized with the UK, Vietnam, and China, but most nations face reverting to April’s "Liberation Day" rates (up to 50%) unless agreements are reached.

Trump also imposed an additional 10% tariff on BRICS-aligned countries (e.g., Brazil, India) for "anti-American policies".

Negotiations with the EU, India, and Japan are ongoing, with India likely securing a "mini deal" soon.

Economists warn of global GDP slowdown (0.7–1%) and U.S. inflation risks, though current inflation remains at 2.3% . Markets remain volatile amid uncertainty.