#TrumpTariffs

#TrumpTariffs CheckDot is SAFU

President Donald Trump announced a wide set of new tariffs aimed at 14 countries, set to take effect on August 1, 2025. These "reciprocal tariffs" range from 25% to 40% and are intended to pressure countries into renegotiating trade agreements that the Trump administration considers unfair to the United States.

Japan, South Korea, Malaysia, and Kazakhstan will face tariffs of 25%, while countries like South Africa, Laos, Myanmar, and Thailand will be subjected to higher rates, some reaching up to 40%. Trump's team sent formal tariff letters to each country on July 7, warning that failure to reach a bilateral agreement would result in new levies.

The White House postponed the original deadline of July 9 to allow for further negotiations, moving it to August 1. Treasury Secretary Scott Bessent indicated that there may be additional trade-related announcements, particularly concerning countries associated with the BRICS bloc.

Markets reacted sharply to this news. Stock indices in the U.S. and Asia fell, oil prices decreased, and currencies such as the Japanese yen and South Korean won weakened before stabilizing. Automobile manufacturers and exporters in the affected countries saw an immediate drop in stock values.

Legal challenges regarding Trump's authority under the International Economic Emergency Powers Act (IEEPA) are ongoing, with a key appellate hearing scheduled for July 31. Meanwhile, Congress is debating the Trade Review Act, which would limit the executive branch's ability to impose long-term tariffs without legislative approval....