TARIFF WAVE : TRUMP HITS 23 COUNTRIES WITH UP TO 50% IMPORT TAXES

Mario Nawfal

@MarioNawfal
🇺🇸 TARIFF WAVE: TRUMP HITS 23 COUNTRIES WITH UP TO 50% IMPORT TAXES

This week, the U.S. dropped a global tariff bomb. Via letter.

Brazil gets slammed with a 50% tariff.
Canada and Mexico: 35% and 30%.

Even U.S. allies like Japan, South Korea, and the EU are hit with 25–30% duties.

The list goes on: Thailand, Cambodia, Laos, Myanmar – all facing 30–40% penalties.

In total: 23 countries, hundreds of products, billions in trade.

Trump’s team says it’s about “reciprocity,”… means if they tax us, we’ll tax back harder.

U.S. consumers, brace for price hikes.

International markets, brace for (possible) chaos.

Source: TIME, Reuters, Business Insider

Mario Nawfal

@MarioNawfal
🇺🇸 TRUMP TO MEXICO & EU: FIX YOUR STUFF OR PAY THE TARIFFS

Trump just dropped 2 fiery letters on Truth Social, warning Mexico and the EU of 30% tariffs starting August 1.

To Mexico: stop the cartels, stop the fentanyl, or your exports get taxed. Also, maybe build stuff in the U.S. instead.

To the EU: open your markets, cut the trade barriers, or get hit with the same 30% penalty.

The letters call out ‘unfair trade’ and make it clear America’s done playing nice.

Sources: Truth Social

Mario Nawfal

@MarioNawfal
🇺🇸🇪🇺 TRADE WAR SEQUEL? TRUMP MAY SLAP NEW TARIFFS ON EUROPE

Investors are sweating as Trump hints at more tariffs, this time targeting the EU.

He’s already raised import taxes on Japan, South Korea, Canada, and even copper.

Pharma and car industries are watching this like it’s a horror movie trailer.

Wall Street’s still chill… for now. But that could change fast if Trump sends “the letter.”

Source: Reuters

Mario Nawfal

@MarioNawfal
🇪🇺🇺🇸 EU: TRADE DEAL WITH TRUMP IS ALMOST THERE

The EU says it’s close to a framework deal with Trump after Ursula von der Leyen spoke with him on Sunday.

EU Spokesman Olof Gill:

“They had a good exchange.

We’re at the beginning of the end game, at least for an agreement in principle.”

The bloc is pushing for better terms on cars, steel, planes, and more – and warning they’re ready to retaliate if talks fall apart.

EU leaders are on standby, running last-minute calls to avoid a tariff war before the Aug. 1 deadline hits.

All options are still on the table, Brussels says.

Source: Bloomberg

Mario Nawfal

@MarioNawfal
🇪🇺 EU SCRAMBLES TO AVOID TRUMP’S 50% TARIFF HAMMER

The EU might take a 10 percent tariff deal just to stop Trump from slapping a 50 percent tax on everything European by July 9.

Leaders are fighting behind the scenes over whether to take the deal or risk going full trade war.

Germany wants to protect its exports fast while France and others want a better deal with less begging.

Trump’s playing hardball and Brussels has a €100 billion revenge plan ready if talks flop.

Source: POLITICO