Trump floats 15 to 20% blanket tariff on trading partners
UNITED STATES, JUL 11 – President Trump plans to raise tariffs to 15-20% on nations without trade deals by August 1, with Brazil facing up to 50%, aiming to secure better terms for US industries.
- Trump floats imposing blanket tariffs of 15% to 20% on most US trading partners.
- Trump dismissed warnings from Hasbro's CEO that toy prices could rise due to tariffs.
- Trump issued letters to over 20 countries outlining new tariffs ranging from 20% to 50% that would take effect on August 1.
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2<90: Trump’s Tariff Gamble Is a Bust
Ninety days. That’s the deadline Donald Trump set back in April when he promised “90 deals in 90 days” as part of his latest tariff power play. The pitch was simple: strong-arm the rest of the world with blanket 10% tariffs unless they came to heel,...
Emerging FX, Stocks Head for Weekly Loss as Tariff Jitters Mount
(Bloomberg) — Gauges for emerging-market currencies and stocks fell on Friday, extending the week’s losses after President Donald Trump said he plans to impose a blanket tariff of 15% or 20% on most trading partners, more than originally stated.
The world’s markets fell as investors wait nervously for the content of the famous letters that the United States is sending to a group of countries, to inform them of the tariff they will impose on products they send to the United States. There are some more specific cases. Canada, for example, will impose a 35% tax, while for the rest of the countries to which it does not send a letter, a rate of between 15% and 20% will be applied, more than …
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