#TrumpTariffs pls followme I will follow you back kind request lovely people ๐๐๐๐๐๐ญ
๐บ๐ธ Trumpโs Latest Tariff Moves โ July 2025 Update
President Donald Trump has reignited global trade tensions with a sweeping set of new tariffs targeting major U.S. trading partners. Here's a breakdown of the latest developments:
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๐ฅ New Tariff Announcements
- European Union & Mexico: Trump announced 30% tariffs on all imports starting August 1.
- Canada: Facing a 35% tariff, citing trade deficits and fentanyl concerns.
- Brazil: Slapped with a 50% tariff, despite the U.S. running a trade surplus with the country.
- Copper Imports: A 50% tariff will apply, affecting industries like power grids and data centers.
- BRICS Nations: Threatened with an additional 10% tariff for โanti-Americanismโ.
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๐ Global Reactions
- EU Leaders: Condemned the move as disruptive; some threatened countermeasures.
- Mexico: Criticized for not doing enough on border security and drug trafficking.
- Canada: PM Mark Carney expressed disappointment and emphasized ongoing negotiations.
- Brazil: President Lula da Silva declared the country could survive without U.S. trade.
- Japan & South Korea: Seeking to soften the impact through negotiations.
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๐ Economic Impact
- U.S. Businesses: Many are bracing for higher costs and supply chain disruptions.
- Inflation Concerns: Economists warn tariffs could push inflation higher in late 2025.
- Stock Market: Dow Jones dropped nearly 280 points after the announcements.
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๐ Key Deadline
- August 1, 2025: Tariffs go into effect unless trade deals are reached. Trump has stated there will be no extensions.