#TrumpTariffs "Trump Announces New Tariffs – Global Markets React: President Trump has warned 14 countries—including Japan, South Korea, Indonesia, and Bangladesh—that they face 25% to 40% tariffs if no trade deals are reached by August 1, 2025. These tariffs are part of his push for “reciprocal trade” to reduce the U.S. trade deficit. Key details: 25% tariffs on Japan, Korea, Malaysia; up to 40% on Cambodia, Laos, Myanmar. Markets reacted: U.S. stocks fell, Asian stocks rose, yen dropped, gold held firm. Trump said the deadline is “firm, but not 100%,” leaving room for deals. This move increases trade pressure and market volatility as the world watches whether agreements will be reached in time."