#TrumpTariffs #TrumpTariffs Former President Donald Trump’s administration has delayed the implementation of its sweeping “Liberation Day” tariff package from July 9 to August 1, 2025. The plan imposes 10% to 70% tariffs on imports from dozens of countries that fail to finalize new trade deals with the U.S. Warning letters are being sent this week to nations including BRICS members, with extra penalties likely for countries like China, India, and Russia. So far, only the UK and Vietnam have completed agreements to avoid the tariffs, while major economies like the EU and China are still negotiating. Countries that show good-faith efforts may receive limited extensions.

The announcement has caused market uncertainty, with conflicting signals from officials and a shifting timeline. Trump’s use of emergency powers (IEEPA) to authorize these tariffs has also faced legal challenges federal courts have ruled parts of it unlawful, but enforcement is continuing while appeals are under review. If implemented fully, the tariffs could sharply raise costs for the U.S. businesses and consumers, while intensifying globa