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