Trump announced on his social media early Monday that the United States will begin sending tariff notifications or agreements to various countries around the world starting at 12:00 P.M. on July 7.He also issued a warning that any nation supporting or cooperating with the anti-U.S. stance of the BRICS alliance will face an extra 10% tariff—without any exceptions.
Meanwhile, market traders are currently anticipating with over 70% certainty that the U.S. Federal Reserve will cut interest rates in September and make at least two 0.25% rate cuts by the end of the year.