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Started By
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Tariff letters to 12 countries going out Monday
Posted on 7/5/25 at 7:22 am
Posted on 7/5/25 at 7:22 am
quote:CNBC
In a global trade war that has upended financial markets and set off a scramble among policymakers to guard their economies, Trump in April announced a 10% base tariff rate and additional amounts for most countries, some ranging as high as 50%.
However, all but the 10% base rate were subsequently suspended for 90 days to allow more time for negotiations to secure deals.
That period ends on July 9, although Trump early on Friday said the tariffs could be even higher — ranging up to 70% — with most set to go into effect August 1.
“I signed some letters and they’ll go out on Monday, probably twelve,” Trump said, when asked about his plans on the tariff front. “Different amounts of money, different amounts of tariffs.”
4
Posted on 7/5/25 at 8:24 am to bigjoe1
Wonder if the market panics again?
Posted on 7/5/25 at 8:26 am to LChama
I would think pretty big down turn if any of the letters reflect the original reciprocal rate.
That being said only 12 letters, probably means they aren't very serious
That being said only 12 letters, probably means they aren't very serious
Posted on 7/5/25 at 8:28 am to UltimaParadox
Depends on who the letters are going to…
Posted on 7/5/25 at 8:31 am to RoyalWe
That's fair especially if one of those countries is China that supposedly has a deal that has not really been shared.
I think the general consensus is that there is currently zero finalized deals
I think the general consensus is that there is currently zero finalized deals
Posted on 7/5/25 at 8:41 am to UltimaParadox
The reprieve probably contributed to there not being more finalized deals.
Posted on 7/5/25 at 8:55 am to bigjoe1
You have to just love raking in 10%
Orange the great
Orange the great
Posted on 7/5/25 at 9:08 am to RoyalWe
4 I can think of would be India, Canada, Japan and, the EU.
I think some uncertainty will cool the markets off for awhile but don't see a major selloff based on tariffs unless you get some ridiculous numbers that just shut trade down completely.
I think some uncertainty will cool the markets off for awhile but don't see a major selloff based on tariffs unless you get some ridiculous numbers that just shut trade down completely.
Posted on 7/5/25 at 10:54 am to bigjoe1
Send them “Postage Due”.
Posted on 7/5/25 at 12:12 pm to LChama
Please do so I can buy.
Posted on 7/5/25 at 4:34 pm to bigjoe1
This is such a waste of everyone’s time until the SCOTUS makes their decision - which will likely go against the Trump Admin
Posted on 7/6/25 at 5:43 pm to UltimaParadox
We finalized the deal with Vietnam:
20%tariff on all goods from Vietnam to US,and zero tariff from U.S. to Vietnam.
20%tariff on all goods from Vietnam to US,and zero tariff from U.S. to Vietnam.
Posted on 7/6/25 at 6:02 pm to volinktown
Cashews are going to get pretty expensive now.
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