#TrumpTariffs *#TrumpTariffs*

Trump Tariffs Today (July 7, 2025)

The status of Donald Trump's tariffs is dynamic, with significant developments expected this week. Below is a summary:

Key Dates and Deadlines

* July 9, 2025 (Wednesday): This is the original deadline for the 90-day suspension of the highest and country-specific tariffs that were initially announced on April 2, 2025. Many countries have been working intensively to finalize trade agreements with the United States to avoid these higher rates.

* August 1, 2025: Although July 9 was the initial deadline for the end of the suspension, the Trump administration has indicated that new tariffs for countries that do not finalize a trade agreement are likely to take effect starting August 1. This provides an additional three weeks for negotiations.

Current Status and Announcements

* Letters to Countries: President Trump announced that letters detailing the new tariff rates and/or trade agreements for various countries would be delivered starting Monday, July 7. He claimed to have signed 12 of these letters.

* New Tariff Rates: While a base tariff rate of 10% has been in effect since April 5, higher and country-specific rates could apply to nations that fail to reach agreements. Trump has even suggested that some tariffs could reach as high as 70%.

* Agreements Reached (So Far): The Trump administration has finalized trade agreements with the United Kingdom and Vietnam. An agreement with China also reduced some tariffs, but it was a temporary pause. Discussions with India and the European Union have faced challenges; the EU has indicated that talks are at a standstill, although negotiations are still ongoing.

* Threat to BRICS Nations: Trump has threatened to impose an additional 10% tariff on any country that aligns with the "anti-American policies" of the BRICS bloc.