#TrumpTariffs Trump's New Tariffs – July 2025

President Donald Trump, now back in office, announced a new round of import tariffs on products from at least 14 countries, set to begin on August 1, 2025. These tariffs are part of his strategy to reduce the United States' trade deficit and push for more 'fair' agreements with trading partners.

These tariffs are referred to as 'reciprocal', meaning a proportional response to the tariffs that these countries impose on American products. The affected countries include Japan, South Korea, Malaysia, Kazakhstan, South Africa, Laos, Myanmar, Tunisia, Bosnia and Herzegovina, Indonesia, Bangladesh, Serbia, Cambodia, and Thailand. The tariffs range from 25% to 40%, depending on the country.

Trump justifies the measure by stating that the United States still faces a significant deficit in the goods trade balance and that these tariffs are necessary to protect the American industry. He also claims that the affected countries can avoid the tariffs by relocating factories to the U.S. or renegotiating trade agreements.

The market reaction was negative: U.S. stock markets fell after the announcement. The Dow Jones index dropped 422 points, the S&P 500 fell 0.79%, and the Nasdaq decreased by 0.92%.

Trump also suggested that more countries may be notified in the coming days. Some, like the United Kingdom and Vietnam, have already reached agreements to avoid the tariffs. The European Union has not yet been affected, but there is increasing tension between the blocs.

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