#TrumpTariffs
🚨 **Latest Developments on Trump's Tariffs until July 8, 2025:**
1. **Implementation Delayed to August 1**: Trump signed an executive order delaying the start of new tariffs from July 9 to August 1, 2025, to enable negotiations with trading partners.
2. **Warning Letters to 14 Countries**: The U.S. administration sent letters to countries such as Japan, South Korea, and Thailand, specifying tariffs ranging from 25% to 40% on their imports, according to the size of the trade deficit with them.
3. **Exemption for China and Escalation Against "BRICS"**: The tariffs imposed on China remain in effect under a separate executive order. Trump also threatened to impose an additional 10% tariff on any country that aligns with the anti-American policies of the "BRICS" organization.
4. **Market Reactions**: U.S. indices (like Dow Jones -1.2%) fell on July 7, influenced by the announcement, while shares of Japanese automotive companies on Wall Street dropped by up to -7.5%.
5. **Urgent Negotiations**: Treasury Secretary "Scott Pisent" mentioned that the administration expects to finalize deals with 18 countries before August, while countries like the European Union and India continue intense discussions to avoid tariffs.
📌 **Summary**: Trump's policy is driving the world towards an escalating trade war, with a focus on the "America First" agenda!
