#TrumpTariffs The original July 9 deadline for trade deals has been extended. New tariffs will now take effect August 1, 2025 .

- The Trump administration began sending **tariff notification letters to 10–12 countries on July 7–8, with more to follow. These letters specify individualized tariff rates .

- Countries without deals by August 1 will revert to "boomerang tariffs" (rates initially announced on April 2) .

💰 2. Tariff Rates and Scope

- Base rate: 10% on most imports (implemented in April) .

- New escalated rates:

- 10–70% on select countries, exceeding the original 50% cap .

- BRICS surcharge: An additional 10% tariff on all BRICS-aligned countries (Brazil, Russia, India, China, South Africa + Egypt, Ethiopia, Iran, Saudi Arabia, UAE) for "anti-American policies" .

- Country-specific examples:

- Japan: Threatened with 35% tariffs .

- EU: Facing up to 50% without a deal .

- India: Negotiating for ~10% average tariffs