#TrumpTariffs Trump recently sent letters to 14 countries, including Japan, South Korea, and Indonesia, warning of new tariffs between 25% and 40% if no trade deals are made by August 1. This extended a previous deadline set for July 9. India was excluded, bringing relief to its markets. Japan and South Korea face a 25% tariff. Other countries like Bangladesh, Cambodia, and Serbia face higher rates. The tariffs caused U.S. stocks to drop and raised global market concerns. Legal challenges are still ongoing, with a key court hearing scheduled for July 31. These tariffs mark a major move in Trump’s trades policy strategy.