#TrumpTariffs

President Donald Trump announced that he will begin 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 starting August 1, 2025.

Key Points of Trump's Tariffs:

* Tariff Notification Letters: Trump stated he would send around 12 to 15 letters to countries that have not reached a trade agreement with the U.S.

* 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 revert to the high levels set in April if no agreement is reached.