Particle.news
Download on the App Store
165 ARTICLES
·
6d ago

Trump Sets Country-Specific Tariffs for 20 Partners Starting August 1

A permanent 10% baseline levy is rattling financial markets as Brussels races to finalize a framework before the deadline

Malaysia's Prime Minister Anwar Ibrahim delivers his keynote address during the opening ceremony of the Association of Southeast Asian Nations (ASEAN) Foreign Ministers' meeting and related meetings at the Convention Centre in Kuala Lumpur, Malaysia, Wednesday, July 9, 2025. (AP Photo/Vincent Thian)
President Donald Trump waves to the media after exiting Air Force One, at Joint Base Andrews, Md., Sunday, July 6, 2025, en route to the White House after spending the weekend in New Jersey. (AP Photo/Jacquelyn Martin)

Overview

  • Trump dispatched letters to 20 trading partners outlining country-specific tariffs that mirror or adjust April’s rates and preclude further extensions
  • The campaign rests on a 10% baseline tariff introduced April 2 to boost federal revenue and leverage concessions in bilateral talks
  • Only two trade deals have closed—one with the United Kingdom and one with Vietnam—and a proposed China framework remains undefined
  • The Dow Jones Industrial Average plunged over 100 points Tuesday after a 400-point drop Monday as investors grapple with tariff uncertainty
  • EU negotiators are racing to seal an outline agreement in the coming days to shield member states from the threatened U.S. tariffs