#TrumpTariffs

๐ŸŒ Whatโ€™s Happening

25% tariffs on Japan & South Korea โ€” set for August 1, but the deadline might flex if deals come through ๐Ÿ’ผ๐Ÿ‡ฏ๐Ÿ‡ต๐Ÿ‡ฐ๐Ÿ‡ท

Broader tariffs (25โ€“40%) targeting 14 countriesโ€”ranging from Malaysia, Thailand, Indonesia, Laos, Myanmar, South Africa, to Bangladesh and more

Laos & Myanmar hit hardest at 40%, Thailand/Cambodia 36%, Bangladesh/Serbia 35%, South Africa/Bosnia 30%, and others **25%**

๐Ÿ”ฅ Market Moves

U.S. stocks took a punchโ€”Dow fell over 600 points, S&P and Nasdaq also in the red amid global jitters ๐Ÿงจ๐Ÿ“‰

Asian currencies are on edge: the yen hit multi-week lows, while the won bounced back slightly (+0.7%)

Gold shot up to over $3,300/ozโ€”up ~26% this yearโ€”as investors hunt for safety

๐Ÿ“… Timeline & Strategy

Original July 9 deadline got pushed to August 1โ€”letters issued, but Trump says deadlines are โ€œnot 100% firmโ€ if countries engage in new deals โœ‰๏ธ๐Ÿค

Only trades sealed so far: UK, Vietnam, China (prelim). More negotiations in progressโ€”India seems close, EU aiming for a deal, and ASEAN countries scrambling

๐Ÿ‡ฏ๐Ÿ‡ต๐Ÿ‡ฐ๐Ÿ‡ท Reactions

Japanโ€™s PM Ishiba says talks are ongoing but reaching a deal by July 20 (Upper House elections) is tight

South Korea is turning up pressure, stepping up negotiation pace before the deadline

Bottom Line

1. Tariffs Launch August 1 โ€” unless deals save the day

2. Global markets shaky โ€” stocks down, safe-havens up

3. Countries in scramble mode โ€” negotiating hard to dodge big levies

4. Deadlines may slip โ€” Trump wants lines drawn but could still wheel and deal