#TrumpTariffs

📨 Tariff Letters Sent

Trump has dispatched tariff warning letters to 14 countries, including key allies like Japan and South Korea, issuing 25% tariffs on imports effective August 1 unless trade deals are struck . Other targeted nations face levies ranging from **30–40%**.

⏳ Deadline Extended

The original deal deadline has been extended from July 9 to August 1, signaling they’re open to negotiations—but the clock is definitely ticking.

⚖️ Market Reaction & Diplomatic Moves

U.S. stocks dipped (~0.8%) post-announcement; Asian markets remained steady. Japan, South Korea, and Southeast Asian countries are now actively pursuing deal safeguards before tariffs hit.

🎯 Bottom Line

Trump’s tariff blitz ramps up trade pressure but leaves room for diplomacy. With the August 1 deadline looming and global volatility rising, watch closely for last-minute agreements with major economies to avert expanded duties.