#TrumpTariffs Attention traders!

Today Donald Trump resumes trade tensions — the administration has started sending out "notification letters" about the introduction of new tariffs (10–70%) for 12–15 countries, especially BRICS, starting from August 1. The first wave of notifications is being sent out starting July 7, and the final tariffs will come into effect on August 1 — unless the countries reach an agreement earlier.

For the markets, this is a signal of volatility: metallurgy and raw materials are already reacting with increased activity — there is a record volume of transactions on the LME. The main risk is that new tariffs will hit import prices and may intensify inflationary pressures. Overall, it is essential to closely monitor the progress of negotiations with the EU, India, and Japan: successful deals may mitigate the effect, but protracted negotiations may increase pressure. Positions in metals, ETFs, and currencies require enhanced risk management.