#TrumpTariffs

# 🌍 What’s Happening

* **New tariffs announced**: On July 7, Trump revealed 25% tariffs on imports from Japan, South Korea, Malaysia, Kazakhstan; 30% on South Africa; and 40% on Laos and Myanmar, to take effect **August 1**. He also warned of an additional 10% tariff on countries aligning with the BRICS bloc ([businessinsider.com][1]).

* **Extended deadline**: Letters were sent to 14 nations with a firm deadline—negotiate by **August 1** or face these duties .

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## 📉 Market Reaction

* **Stocks plunged**: U.S. markets dropped sharply—Dow fell over 600 points, S\&P 500 dropped \~0.8%, and tech and auto sectors were hit hardest ([businessinsider.com][1]).

* **Risk-off sentiment** took hold, while investors moved into safer bonds .

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## 🌐 Global Fallout

* **Asia hardest hit**: Countries like Japan and South Korea face steep tariffs amid scrutiny over their trade surpluses ([theguardian.com][2]).

* **China pushes back**: Warned against reigniting tensions, threatening retaliation .

* **BRICS resistance**: The bloc criticized the anti-American tariff threats ([youtube.com][3]).

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## 🧮 Economic Cost

* **American households hit**: Tariffs could add \~\$1,200 in costs per household in 2025 and \~\$1,442 in 2026 ([taxfoundation.org][4]).

* **Economic drag**: Studies predict potential GDP reduction of 6%, wage declines of 5%, shrinking long-term growth ([budgetmodel.wharton.upenn.edu][5]).

* **Inflation risk**: CBO estimates tariffs may add \~0.4 percentage points to inflation in 2025–26 ([apnews.com][6]).

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## ⚖️ Key Takeaways

* **Uncertainty rising**: Market volatility and shifting deadlines are challenging business planning ([en.wikipedia.org][7]).

* **Consumers pay more**: Tariffs behave like a regressive tax—mainly impacting lower-income households.

* **Geopolitical ripple effects**: Global supply chains may shift; retaliatory actions could complicate trade ties.

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## 🤔 Your Thoughts on #TrumpTariffs

* Do you view this as **strategic leverage** to negotiate better trade deals or a spur to **economic instability** via inflation and supply chain disruptions?

* Are you adjusting **investment or business strategy** in response—hedging global exposure, shifting to defensive sectors, or watching key demand metrics?

* Want tailored insights—like volatility forecasts, sector winners/losers, or long-term macro trends?

Let me know your perspective, and I can dig deeper into any angle—markets, economics, trade diplomacy, or investment implications.

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* [businessinsider.com](https://www.businessinsider.com/stock-market-today-trump-tariffs-sp500-japan-korea-trade-war-2025-7?utm_source=chatgpt.com)

* [wsj.com](https://www.wsj.com/economy/trade/trump-tariffs-deadline-august-trade-war-e916eb77?utm_source=chatgpt.com)

* [apnews.com](https://apnews.com/article/2c725e8f06367e20f9300c1081ea4ec0?utm_source=chatgpt.com)

[1]: https://www.businessinsider.com/stock-market-today-trump-tariffs-sp500-japan-korea-trade-war-2025-7?utm_source=chatgpt.com "Stocks tumble on Trump's latest tariff announcements"

[2]: https://www.theguardian.com/us-news/2025/jul/08/trump-tariffs-explained-whats-changed-and-why-have-asian-countries-been-hit-so-hard?utm_source=chatgpt.com "Trump tariffs explained: what’s changed and why have Asian countries been hit so hard?"

[3]: https://www.youtube.com/watch?v=q7UQqVXckyo&utm_source=chatgpt.com "BRICS 2025 summit rejects US tariff threats, tackles trade and Gaza"

[4]: https://taxfoundation.org/research/all/federal/trump-tariffs-trade-war/?utm_source=chatgpt.com "Trump Tariffs: Tracking the Economic Impact of the Trump Trade War"

[5]: https://budgetmodel.wharton.upenn.edu/issues/2025/4/10/economic-effects-of-president-trumps-tariffs?utm_source=chatgpt.com "The Economic Effects of President Trump's Tariffs"

[6]: https://apnews.com/article/18a07a73b72a31a164b15835dd34fd61?utm_source=chatgpt.com "Trump's tariffs would cut US deficits by $2.8T over 10 years and shrink the economy, CBO says"

[7]: https://en.wikipedia.org/wiki/Foreign_policy_of_the_second_Donald_Trump_administration?utm_source=chatgpt.com "Foreign policy of the second Donald Trump administration"