President Donald Trump’s latest wave of import duties—especially the new ones unveiled on July 7, 2025, including 25% tariffs on goods from Japan and South Korea, with steel and aluminum facing even higher rates. These were communicated via letters sent on Truth Social, and set to take effect on August 1, following a 90-day pause from the initial "Liberation Day" tariffs .
Key themes you’ll find under #TrumpTariffs:
Trade imbalance targeting — Designed to reduce U.S. deficits and protect American manufacturing .
Reciprocal escalation — Trump vowed to raise tariffs further if others retaliate, warning BRICS countries of an extra 10% levy .
Market impact — Stocks plunged (e.g., Dow fell over 500 points) on fears of a global trade war and rising inflation .
Negotiation deadline drama — With the July 9 pause ending, letters sent July 7 signaled a new wave of tariffs if no deals are reached before August 1 .
Legal backdrop — The earlier “Liberation Day” tariffs were legally challenged, creating uncertainty even as new duties roll out .
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Why it's trending now:
1. New tariffs targeting Japan & South Korea—25% on general goods; up to 50% on steel & aluminum.
2. Market turbulence—significant equity sell-offs in response.
3. Broader trade strategy—tariff letters, retaliatory warnings, brinksmanship around negotiations and global trade alliances.