Trump Issues Global Tariff Update
Early Monday, former President Donald Trump announced on his social media platform that the U.S. will begin receiving tariff letters and agreements š from countries around the world starting at 12:00 P.M. on July 7th.
In a follow-up statement, Trump warned that any nation siding with BRICS in an anti-American stance will face an additional 10% tariff with no exceptions .
Meanwhile, market traders are now pricing in a 70%+ chance that the Federal Reserve will cut interest rates in September, with expectations of at least two 0.25% cuts before the year ends .