#TrumpTariffs

On July 8, 2025, Donald Trump resumes protectionist actions by sending tariff letters to 14 associated countries, with levies ranging from 25% to 40%, which will be in effect from August 1.

This action negatively impacted the markets: the Dow fell more than 600 points on July 7, and the Nasdaq and S&P indices dropped more than 1%.

There is concern about possible aggressive international reactions.

At the same time, a mini-trade agreement with India is mentioned to be in progress, and deadlines are extended to avoid tariffs until August 1.

In summary:

Tariffs of 25–40% come into effect on Aug 1, 2025.

Markets in “risk-off” mode: Dow -600 pts • Nasdaq/S&P -1%.

Hope for agreements with India, the United Kingdom, and China.