Trump Expands Tariff Push, Targeting 20 Countries Amid EU Stalemate
Former President Donald TRUMP has escalated his trade offensive, issuing tariff letters to 20 nations with rates ranging from 20% to 40%. The move, effective August 1, follows April's 'liberation day' tariffs and targets countries including Japan, South Korea, and Indonesia. No deadline extensions will be granted.
The EU remains deadlocked as negotiations stall, creating broader market uncertainty. Trump's Truth Social announcements lacked full transparency—promising seven country disclosures but delivering six, leaving traders to speculate about the omitted party.