Trump Tariffs Today Live Updates: US To Impose 25% Tariff On Japanese, South Korean Imports From August, Sends Letters

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Donald Trump Tariffs Live Updates: US President Donald Trump on Monday said that he will send the first batch of tariff letters to various countries, just days before his deadline for trade partners to reach new deals expires.

Trump made the announcement on his Truth Social platform, stating that the tariff letters and/or deals would be delivered to various nations around the world. The timing for the first tariff letter to be sent by Trump will be 9:30 PM India Standard Time (IST).

“I am pleased to announce that the UNITED STATES TARIFF Letters, and/or Deals, with various Countries from around the World, will be delivered starting 12:00 P.M. (Eastern), Monday, July 7th. Thank you for your attention to this matter! DONALD J. TRUMP, President of The United States of America,” the US President wrote.

Additionally, in a separate post, Trump also threatened an additional 10% tariff on countries aligning with the emerging BRICS bloc, accusing them of “anti-Americanism” after they criticised his trade policies at a summit held in Brazil’s Rio on Sunday.

Meanwhile, US Treasury Secretary Scott Bessent said the re-imposed tariffs would not take effect until 1 August, giving negotiators a few extra weeks to reach agreements.

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Trump Tariff News Live Updates: Trump Sends First Letters To Japan, South Korea, Imposes 25% Tariffs

Donald Trump sent the first tariff letters to Japan and South Korea on Monday and imposed 25% tariffs on both the countries starting August 1.

Trump Tariff News Live Updates: What Trump Said On Trade Deals With Partner Countries?

Donald Trump on Sunday said that the US was close to sealing trade deals with several countries in the near future and will send out notifications to other nations regarding higher tariffs by the end of three-month pause date — July 9.

Trump Tariff News Live Updates: What Trump's Tariffs Letters May Include?

Trump’s Treasury Secretary Scott Bessent has said that the letters that will be sent out tonight will inform trading partners of the tariff rates their countries would face when trading with the US, unless they want to “come back and try to negotiate”.

Trump Tariff News Live Updates: Which Countries Have Signed Trade Deal With US So Far?

So far, only the UK and Vietnam have signed trade deals with the US. The US and China have temporarily agreed to lower tariffs on each other’s products, which shot up to three digits since Trump’s Liberation Day in April.

Trump Tariff News Live Updates: What Was Trump's Baseline Tariffs?

Donald Trump had imposed a 10% baseline tariff on imports from almost all countries in early April, while some countries, including India, faced higher tariffs. The European Union faced 20% tariffs.

As markets crashed globally, Trump halted the hike in tariffs for 90 days to give room for talks. The deadline ends on July 9.

However, the US government has extended the actual tariff re‑imposition date to August 1.

Trump Tariff News Live Updates: Trump Expected To Send Letters To Trading Partners Shortly

Donald Trump is expected to send the first batch of letters to around 15 trading partners at 9.30 pm IST today. The letters is likely to issue a warning that the US will raise tariffs again if they fail to make trade deals with Washington before the August 1 deadline.

Trump Tariff News Live Updates: Trump Aggressive Trade Policy Faces Critical Week

US President Donald Trump’s trade policy faces a critical week as he aims to seal bilateral deals with various countries, ahead of the August 1 deadline for the pause on tariffs to get lifted on several countries.

Trump Tariff News Live Updates: Kremlin Says BRICS Not Targeting Others After Trump's Tariff Warning

Kremlin spokesman Dmitry Peskov on Monday said that the BRICS grouping of emerging economies “has never been and will never be” aimed at countering other countries following US President Donald Trump’s threat to impose extra tariffs on BRICS members.

On Sunday, BRICS leaders had described Trump’s tariff war as “indiscriminate” and damaging.

Donald Trump Tariffs Live Updates: India-US Trade Deal Explained: What It Means And Why It Matters

The India-US trade relationship has taken centre-stage with reports indicating that it’s just a matter of days before the trade deal is sealed. While both countries have long engaged in bilateral trade, recent developments are pointing towards a more comprehensive trade agreement aimed at deepening economic cooperation, reducing tariffs, and encouraging investment in strategic sectors.

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Donald Trump Tariffs Live Updates: Sensex, Nifty End Flat Amid Volatile Trade Ahead Of US Tariff Deadline

Sensex and Nifty closed almost flat on Monday amid volatile trading as investors stayed cautious ahead of the US tariff deadline on July 9. Gains in FMCG and oil shares were offset by losses in IT and metal stocks, while foreign fund outflows and weak Asian markets added to the uncertainty.

Trump Tariff News Live Updates: Markets Mixed, Dollar Gains As Trump’s Tariff Deadline Looms

Global stock markets moved in different directions on Monday, while the US dollar strengthened as trade tensions escalated ahead of President Donald Trump’s tariff deadline. Countries are scrambling to finalise trade agreements to avoid fresh US levies.

Oil prices edged higher despite a weekend decision by OPEC and its allies to raise production more than anticipated.

Trump Tariff News Live Updates: China Opposes Tariff Wars After Trump’s Threat To BRICS Nations

China on Monday responded to US President Donald Trump’s warning of an additional 10% tariff on countries supporting the BRICS nations. Foreign Ministry spokesperson Mao Ning said Beijing viewed BRICS as a positive force in the international community. “Its cooperation is open and inclusive, and not targeted at any particular country,” she said.

“As for tariffs, we have consistently opposed tariff wars and trade wars. We are against using tariffs as a tool for coercion and pressure. Arbitrarily imposing tariffs does not serve the interests of any party,” Ning added.

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