U.S. President Donald Trump has escalated his trade offensive, announcing he will send formal tariff letters to key global economies in 1–2 weeks, ahead of the July 9 “liberation day” deadline.
“At a certain point we’re just going to send letters out saying ‘this is the deal,’ you can take it or leave it,” Trump said Wednesday.
This move comes before a July 9 deadline Trump set for reaching new trade agreements.
He’s currently talking with countries like Japan, South Korea, and about 15 others.
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🛃 What’s at Stake?
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Countries in focus: Japan, South Korea, and ~15 other trading partners
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Trump’s stance: Accept the deal or face steep new tariffs
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Flexibility?: Trump hinted he could extend the deadline but said he likely won’t need to.
So far, only a formal deal with the UK and a framework agreement with China have been reached.
China Deal: Claimed but Unclear
Trump declared that the U.S. had secured a rare earth supply deal from China, stating the agreement is “done.”
However, no concrete details were released, raising doubts on Wall Street and among global partners.
📉 Trade245 Takeaway
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Markets may grow volatile as the July 9 deadline approaches.
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The lack of clarity around China and the potential for abrupt tariffs on Asia and Europe create a risk-off environment.
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Traders should watch closely for formal letter deliveries, as they may signal the trigger point for new tariffs and a shift in global trade sentiment.
It’s uncertain if Trump will stick to this July 9 deadline, as he’s extended similar deadlines in the past.
When asked if he’d extend it again, he said he would but didn’t think it would be necessary.
Trump has threatened to impose high taxes on goods from major trading partners if they don’t agree to his trade deals.
