#TrumpTariffs

President Donald Trump announced that he will start sending tariff notification letters to various countries, a few days before the deadline for trade partners to reach an agreement ends on July 9, 2025. These new tariffs are expected to take effect on August 1, 2025.

Key Points of Trump's Tariffs:

* Tariff Notification Letters: Trump stated he will send about 12 to 15 letters to countries that have not reached a trade agreement with the US.

* Additional Tariff Threats for BRICS Members: Trump threatened to impose an additional 10% tariff on countries that align with BRICS' "anti-American" policies.

* Negotiation Deadline: The suspension of tariffs granted on April 9, 2025, will end on July 9, 2025. After this date, tariffs will return to the high levels set in April if no agreement is reached.