Today, July 8, 2025, President Trump's tariff policy remains a central topic in global trade, with significant developments:

Extension of the deadline and new deadline: Trump has announced that the deadline for the implementation of the "reciprocal" tariffs has been postponed from July 9 to August 1, 2025. This three-week extension aims to give nations more time to negotiate trade agreements with the United States.

Sending of letters with specific tariffs: Starting Monday, July 7, the Trump administration began sending letters to various countries detailing the new tariff rates that their products will face if an agreement is not reached. Letters are expected to be sent to a dozen countries.

Tariffs announced for Japan and South Korea: Two of the first countries to receive these notifications were Japan and South Korea, which will be subjected to a 25% tariff on their products starting August 1. Trump has warned that these rates could be reduced if an agreement is negotiated, but will increase if these countries consider retaliatory tariffs.

Other countries and rates: Tariffs have been detailed for a list of 14 countries, with rates ranging from 25% to 40%. For example, Myanmar and Laos will face tariffs of 40%, while South Africa will have 30% and countries like Malaysia and Kazakhstan, 25%.

Nature of the tariffs: These tariffs are a continuation of Trump's policy of imposing a "universal" tax of 10% on most imported products to the U.S., with higher rates for specific nations. The goal is to balance trade relations and encourage domestic production, although they create uncertainty in global markets.

#TRUMP #DonaldTrump #aranceles #TrumpTariffs #economy $TRUMP $USD1