๐ฌ Whatโs Happening?
Beginning July 7, Trump sent out โtariff lettersโ to dozens of countries, warning of reciprocal tariffs up to 70% if trade deals arenโt finalized by August 1.
Countries like Japan ๐ฏ๐ต and South Korea ๐ฐ๐ท face 25% tariffs, while othersโincluding Malaysia ๐ฒ๐พ, Bangladesh ๐ง๐ฉ, South Africa ๐ฟ๐ฆโmay be hit with duties up to 40%.
The initiative follows the expiration of a 90-day โpauseโ granted under Trumpโs โLiberation Day 2.0โ trade policy.
๐ List of Countries Receiving Tariff Letters
๐บ๐ธ Tariff Tier ๐ Countries Affected
25% Tariff Japan ๐ฏ๐ต, South Korea ๐ฐ๐ท
25โ40% Tariffs Myanmar ๐ฒ๐ฒ, Malaysia ๐ฒ๐พ, Thailand ๐น๐ญ, South Africa ๐ฟ๐ฆ, Bangladesh ๐ง๐ฉ, Kazakhstan ๐ฐ๐ฟ, Indonesia ๐ฎ๐ฉ, Tunisia ๐น๐ณ, Serbia ๐ท๐ธ, Cambodia ๐ฐ๐ญ, Bosnia & Herzegovina ๐ง๐ฆ
+10% Possible Tariff BRICS-aligned or "anti-American" nations (e.g., China ๐จ๐ณ, Russia ๐ท๐บ, Brazil ๐ง๐ท, India ๐ฎ๐ณ, South Africa ๐ฟ๐ฆ)
โณ Key Deadlines
๐ Date ๐ Event
July 7 Tariff letters dispatched โ๏ธ
July 9 Final negotiation window closes โฐ
August 1 Tariffs go into effect unless deals signed โ๏ธ
๐ Why This Matters?
Only ~12 out of 90 trade agreements have been signed โ .
Potential for global supply chain disruptions and price increases ๐ญ๐.
Market reactions: Equities dip ๐, dollar and Treasuries gain ๐ต๐ก๏ธ.
๐ Implications & Crypto Market Prediction
The tariff surge threatens to shake global trade ๐ช๏ธ, fueling inflation ๐ and investor anxiety ๐ฐ. In response, many may shift toward crypto assets like Bitcoin โฟ, Ethereum ๐, and stablecoins ๐ฒ as alternative hedges. This could push Bitcoin toward the $75Kโ80K range ๐, especially if geopolitical risks worsen and fiat currencies wobble ๐ธ. However, deeper trade wars could also bring long-term volatility โ ๏ธ, as interest rates, regulation, and capital controls react to the economic fallout.#TrumpTariffs