Trump Threatens Tariffs Up to 70% as July 9 Trade Deadline Nears

The United States is set to impose sweeping tariffs ranging from 10% to 70% on August 1, as President Donald TRUMP hardens his stance on global trade negotiations. Countries failing to reach new agreements by the July 9 deadline will face steep penalties across key sectors including technology, agriculture, and manufacturing.

Active negotiations are underway with several nations—Korea, Indonesia, Switzerland, and the European Union among them—as the WHITE House prepares to notify affected parties this week. The tariffs target a broad spectrum of imports, from electronics to raw materials, marking an escalation from April's temporary 10% measures.

Market volatility is likely as the deadline approaches, with trade-dependent industries bracing for disruption. The MOVE signals a decisive shift in U.S. trade policy, prioritizing unilateral action over multilateral consensus.