🇺🇸 U.S. to impose tariffs from August 1 — Trump gives the world 3 weeks to strike deals

Donald Trump confirmed that tariff notices will begin going out today, and the new duties will take effect on August 1. This gives countries three more weeks to avoid up to 70% in export tariffs to the U.S.

🤔 What’s happening

⚫ The original deadline was July 9, but it's now been pushed to August 1

⚫ The EU is holding emergency talks — “progress has been made,” but no deal yet

⚫ Germany, France, and Italy are coordinating their stance via top-level calls

⚫ Trump announced 10% tariffs for countries “following anti-American BRICS policies”

⚫ The U.S. has already secured agreements with the UK, China, and Vietnam — others await formal notices

📈 Financial impact

📌 After the delay announcement, the S&P 500 surged — the trade war pause lifted markets

📌 But amid renewed threats:

— S&P 500 futures fell 0.5%

— Asian stock index dropped 0.7%

— AUD and NZD declined by 1%

— USD rose 0.5%