#TrumpTariffs President Trump has announced a new phase in U.S. trade policy: additional reciprocal tariffs on countries seen as imposing unfair taxes on American goods. Here's a breakdown:

🔹 What’s been announced?

25% tariffs on imports from Japan and South Korea, initially set for August 1, following a 90‑day freeze that was delayed prior from the original July 9 date .

Higher rates (25–40%) being threatened for 12–14 other nations including Malaysia, Kazakhstan, Thailand, Bangladesh, Laos, Myanmar, Serbia, Indonesia, South Africa, Bosnia, Cambodia, and Tunisia.

An additional 10% tariff targeting BRICS countries (Brazil, Russia, India, China, South Africa plus new members) deemed to pursue “anti‑American policies”.

📅 Why now and what’s next?

The 90‑day negotiating pause introduced on April 2 (“Liberation Day tariffs”) was set to expire July 9 but has been extended to August 1, when tariffs will kick in.

This creates a negotiation window—countries are under pressure to secure trade deals before the deadline.

So far, only two agreements have been reached the UK (10%) and **Vietnam (20%)** —others are still in active talks (Canada, EU, India, South Korea, Japan, Thailand).

🌍 Market & global impact

Global stock markets dipped on July 7, with the S&P 500 down ~0.8%, US Treasury yields rose, while the dollar strengthened.

Oil prices and bonds saw volatility; some investors anticipate a market correction given the elevated trade tensions.

BRICS nations responded sharply, condemning the move and warning of retaliatory consequences.

🧭 Summary Table

Country/Group Proposed Tariff Rate Effective Date Status

Japan & S. Korea 25% August 1, 2025 Letters sent on Truth Social

12–14 other countries* 25–40% August 1, 2025 Letters underway

BRICS-aligned nations +10% (on top of base) August 1, 2025 Threat declared, no letters yet

* Includes Laos (40%), Myanmar (40%), Thailand/Cambodia (36%), Bangladesh/Serbia (35%), Indonesia (32%), South Africa/Bosnia (30%), Malaysia/Kazakhstan/Tunisia (25%).

🗣 Why it matters

1. Negotiating leverage: Trump is using tariffs as a tool to force.

2. Global friction: Allies like Japan and South Korea, along with emerging economies, are drawn into this dispute.

3. Market watch: Investors are recalibrating expectations amid rising trade-related uncertainty.

Let me know if you’d like a detailed breakdown of how each affected country is responding, or what this means for U.S. imports or consumer prices.