#TrumpTariffs

🌐 What’s Happening

25% tariffs on Japan & South Korea — set for August 1, but the deadline might flex if deals come through 💼🇯🇵🇰🇷

Broader tariffs (25–40%) targeting 14 countries—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%**

🔥 Market Moves

U.S. stocks took a punch—Dow fell over 600 points, S&P and Nasdaq also in the red amid global jitters 🧨📉

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/oz—up ~26% this year—as investors hunt for safety

📅 Timeline & Strategy

Original July 9 deadline got pushed to August 1—letters issued, but Trump says deadlines are “not 100% firm” if countries engage in new deals ✉️🤝

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

🇯🇵🇰🇷 Reactions

Japan’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 — unless deals save the day

2. Global markets shaky — stocks down, safe-havens up

3. Countries in scramble mode — negotiating hard to dodge big levies

4. Deadlines may slip — Trump wants lines drawn but could still wheel and deal