US EditionU.S. Futures Slide After Trump Says He’ll Start Sending Tariff Letters Today Setting Levies Up To 70%
- On July 4, 2025, President Donald Trump announced he would start sending letters to trading partners about new U.S. tariffs ranging up to 70%.
- This move follows a 90-day pause on reciprocal tariffs that began in April during trade negotiations with about 15 countries and a July 9 deadline to reach deals.
- Initially announced on Liberation Day in early April, the proposed levies vary by country from about 10-20% up to 60-70%, with more letters expected after the initial 10 to 12.
- Trump said, “By the ninth they'll be fully covered,” referring to the July 9 deadline, and tariffs would begin generating revenue starting August 1.
- The rollout rattled global markets with falling stock indexes in the U.S., Europe, and Asia, while economists warned tariff effects may affect inflation control and negotiations remain sensitive.
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The Wall Street holiday does not prevent investors from continuing to direct all their attention to the United States. A few hours after President Donald Trump initialled the tax reform, the tariff war is back in the foreground. Five days before the commercial truce and the markets, despite being listed in a maximum zone, were already on alert. Even more so after Trump anticipated sending between 10 and 12 letters to trading partners to notify t…
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On April 9, US President Donald Trump gave the world a three-month window to negotiate trade deals with the US or face higher "reciprocal" tariffs. With only five days left in that delay…
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Total News Sources47
Leaning Left6Leaning Right7Center18Last UpdatedBias Distribution58% Center
Bias Distribution
- 58% of the sources are Center
58% Center
L 19%
C 58%
R 23%
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