
Trump announces additional 10% tariff as trade deadline looms
Donald Trump
has announced that countries that align themselves with those that support the "anti-American" policies of BRICS will face an
additional 10% tariff
on goods. In addition, Trump also posted that his administration is poised to start sending letters to those countries who have
not secured a trade deal
ahead of the July 9 deadline.
Taking to his Truth Social platform late Sunday night, the president wrote, "Any Country aligning themselves with the Anti-American policies of BRICS, will be charged an
ADDITIONAL 10% Tariff
." He added that there would be "no exceptions to this policy."
Prior to that, Trump
also posted a message
saying that letters would be delivered to various countries on Monday. "I am pleased to announce that the UNITED STATES TARIFF Letters, and/or Deals, with various Countries from around the World, will be delivered starting 12:00 P.M. (Eastern), Monday, July 7th," he wrote.
Read More
Related Articles
Fresh Donald Trump health fear after huge bruise spotted on hand amid warning
Read More
Related Articles
Pilot's final nine words as Air France plane plummeted into Atlantic killing 228 people
In addition, Trump also posted that his administration is poised to start sending letters to those countries who have not secured a trade deal ahead of the July 9 deadline.
(Image: Anadolu via Getty Images)
The increased tariff on the intergovernmental organization comprising Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, and the United Arab Emirates comes as the Trump administration seeks to establish trade deals with various countries worldwide.
Trump was previously slammed as a "buffoon" on social media
as he revealed his plans to impose new levies on "probably 12" countries
. Several X users lit into Trump about his trade policies on social media, as well as made fun of the White House's backing out of deals.
According to Trump, there would be "no exceptions to this policy."
"This buffoon is President of the United States," growled one person on the social media site. "ABSOLUTELY DISGRACEFUL," a second added.
Other users mentioned how his administration imposed tariffs
on an island inhabited only by penguins back in April.
In an interview on Air Force One, Trump told reporters, "probably 12" letters relating to "different amounts of money, different amounts of tariffs."
Trump was previously slammed as a "buffoon" on social media as he revealed his plans to impose new levies on "probably 12" countries.
(Image: Anadolu via Getty Images)
He said he will reveal the countries on Monday. It comes as
Melania was seen trying to leave Trump's rambling balcony speech
. Trump
also went on a rant about running water in showers and dishwashers
earlier this week, bizarrely claiming that "water comes down from heaven" while addressing reporters at a conference.
"It'll take months for the letter to get to the Penguin island," the user joked. According to a new analysis, a critical group of U.S. employers would face a direct cost of $82.3 billion should Trump enact his current tariff plan.
The analysis by the JPMorgan Chase Institute is among the first to measure the direct costs created by the import taxes on businesses with $10 million to $1 billion in annual revenue, a category including roughly a third of private-sector U.S. workers.
Findings show clear trade-offs from Trump's import taxes, contradicting his claims that foreign manufacturers would absorb the costs of the tariffs instead of U.S. companies that rely on imports. While the tariffs launched under Trump have yet to boost overall inflation, large companies such as Amazon, Costco, Walmart and Williams-Sonoma delayed the potential reckoning by building up their inventories before the taxes could be imposed.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Irish Sun
41 minutes ago
- The Irish Sun
Israel bombs hijacked Brit ship Galaxy Leader seized by Houthis in devastating wave of airstrikes against terror group
ISRAEL has bombed the hijacked Brit ship Galaxy Leader seized by Houthis in devastating wave of airstrikes. The car carrier was Advertisement 7 Israel has bombed the hijacked Brit ship Galaxy Leader Credit: AP 7 Houthi followers hold a cutout banner portraying the Galaxy Leader cargo ship which was seized by Houthis Credit: Reuters 7 An Israeli fighter jet getting prepared for airstrikes targeting Yemen Credit: Shutterstock Editorial 7 The Galaxy Leader is owned by a British company, which is partially owned by Israeli tycoon Abraham Ungar. The militants had celebrated its capture as a war trophy - with The brutal attack on Sunday night involved around a whopping 50 missiles and bombs, according to the IDF. The Force added the attack was in response to relentless Houthi attacks on Israel. Advertisement read more news The IDF said: "The Houthi terrorist regime's forces installed a radar system on the ship, and are using it to track vessels in international maritime space in order to promote the Houthi terrorist regime's activities." The strikes were also said to have hit the ports of Hodeidah, Ras Isa and Salif, alongside the Ras Qantib power plant on the coast. A mere few hours later, two retaliation missiles were launched from Yemen, Israel said. Attempts were made to intercept them but the results were still under review . Advertisement Most read in The Sun Exclusive Exclusive The Houthi group has continued to fire ballistic missiles at Israel since the tense ceasefire with Iran was reached. But the firing attempts are - most of the time - blasted singly, meaning Israel's Iron Dome is usually able to down them. Trump boasts 'Oops, there will be no attack' after US bombs Houthi terror soldiers 'preparing to fight' in drone strike In October, Houthi rebels Footage shared on Yemen TV channels shows the captives watching a traditional knife dance as the guests of honour on the ship where they are being held hostage. Advertisement Exclusive images provided to The Sun also showed the boat being brought back and forth from the shore by the Satellite pics taken by company Maxar show the ship tied with its back to shore last April. The condition of the crew is dire as they face 'significant health issues" including malaria, a Most of the crew are from the Philippines, with three from Ukraine, two each from Bulgaria and Mexico, and one from Romania. Advertisement The Houthis have sought to portray themselves as treating the hostages generously and have welcomed visits from the Red Cross and a top naval commander. But Filipino diplomatic sources have previously said they do not expect the captives to be released until Israel's war in Gaza is over. 7 Houthi military helicopter flies over the Galaxy Leader cargo ship in the Red Sea Credit: Reuters 7 The Galaxy Leader was covered in Green lights for the celebration Advertisement 7 The crew was shown on local TV sitting on the boat watching a performance Credit: Twitter For about a dollar per trip, male-only groups of visitors can board wooden boats five times a week to marvel at the hijacked carrier. The Houthis, designated a "global terrorist" group by Washington , have previously draped it in Yemeni and They have continued their campaign to disrupt trade in the Red Sea for almost a year now. Advertisement Footage from earlier this month shows them sending an They shared the clip of a big explosion near the side of the Cordelia Moon, which damaged its port side tank and covered it in clouds of smoke. Around 12 per cent of all global trade normally passes through the Bab el-Mandeb Strait, the now-under-attack 20-mile-wide stretch of the Red Sea also known as the "Gate of Tears". Who are the Houthis? THE Houthi rebels have spent months terrorising the Red Sea by launching persistent missile and drone attacks on vessels and warships - but who are they? The Shia militant group who now controls large swaths of Yemen spent over a decade being largely ignored by the world. However, since the outbreak of the Israel-Hamas war, they sprung from relative obscurity to Their warped battle cry is 'Death to America, Death to Israel, curse the Jews and victory to Islam'. Why are they attacking ships? Last October, the rebel group began launching relentless drone and missile attacks on any ships - including warships - they deem to be connected with Israel in solidarity with their ally Hamas. In reality, they targeted The sea assaults added to the carnage in the Middle East tinderbox as intense ripples from Israel's war in Gaza were felt across the region - with Iran accused of stoking the chaos. The Houthi chiefs pledged their Red Sea attacks would continue until Israel stopped its offensive in Gaza. The group's chiefs have previously said their main targets are Israel, and its allies the US and Britain. And despite repeated threats from the West and joint US and UK strikes blitzing their strongholds in Yemen - Iran's terror proxy appears undeterred. The UK and US have hit Houthi bases as recently as this month after the terror group once again targeted boats in the shipping lane. Israel has also hammered the group with airstrikes, reportedly hitting oil storage tanks at the port in Al Hudaydah


Irish Examiner
an hour ago
- Irish Examiner
Trump announces 25% tariffs on Japan and South Korea
US President Donald Trump has set a 25% tax on goods imported from Japan and South Korea, as well as new tariff rates on Malaysia, Kazakhstan, South Africa, Laos, Myanmar and Tunisia. The tariffs are set to go into effect on August 1. Mr Trump provided notice by posting letters on Truth Social that were addressed to the leaders of the various countries. US President Donald Trump waves to the media after exiting Air Force One (Jacquelyn Martin/AP) The letters warned them to not retaliate by increasing their own import taxes, or else the Trump administration would further increase tariffs. 'If for any reason you decide to raise your Tariffs, then, whatever the number you choose to raise them by, will be added onto the 25% that we charge,' Mr Trump wrote in the letters to Japanese Prime Minister Shigeru Ishiba and South Korean President Lee Jae-myung. The letters were not the final word from Mr Trump on tariffs, so much as another episode in a global economic drama in which he has placed himself at the centre. His moves have raised fears that economic growth would slow to a trickle, if not make the US and other nations more vulnerable to a recession. But Mr Trump is confident that tariffs are necessary to bring back domestic manufacturing and fund the tax cuts he signed into law last Friday. He mixed his sense of aggression with a willingness to still negotiate, signalling the likelihood that the drama and uncertainty would continue and that few things are ever final with Mr Trump. Imports from Myanmar and Laos would be taxed at 40%, South Africa at 30% and Kazakhstan, Malaysia and Tunisia at 25%. Shoppers browse electric rice cookers imported from Japan and South Korea at a US department store (Nam Y Huh/AP) Mr Trump placed the word 'only' before revealing the rate in his letters to the foreign leaders, implying that he was being generous with his tariffs. Mr Trump still has outstanding differences on trade with the European Union and India, among other trading partners. Tougher talks with China are on a longer time horizon in which imports from that nation are being taxed at 55%.


Irish Times
2 hours ago
- Irish Times
Texas floods: Trump to visit this week as overall toll rises to 91 amid risk of further flooding
US president Donald Trump will travel to Texas this week to survey first-hand the devastation from extreme floods that have left at least 91 people dead and scores still missing, the White House said. 'We are praying for you, and he will be traveling to see you later this week,' White House press secretary Karoline Leavitt told reporters Monday. Trump is tentatively planning to visit on Friday, though the timing could shift to accommodate ongoing recovery efforts, Ms Leavitt said. The risk of life-threatening flooding was still high in central Texas on Monday as crews searched for the missing following a weekend deluge that killed scores of people. READ MORE Operators of Camp Mystic, a century-old children's summer camp in the Texas Hill Country, said on Monday that they lost 27 campers and counsellors, confirming their worst fears after a wall of water slammed into cabins built along the edge of the Guadalupe River. 'We have been in communication with local and state authorities who are tirelessly deploying extensive resources to search for our missing girls,' the camp said in a statement. Rescue crews are urgently searching for the missing, and officials said the death toll was sure to rise. Residents of Kerr County began clearing mud and salvaging what they could from their demolished properties as they recounted harrowing escapes from rapidly rising floodwaters late on Friday. Reagan Brown said his parents, in their 80s, managed to escape uphill as water inundated their home in the town of Hunt. When the couple learned that their 92-year-old neighbour was trapped in her attic, they went back and rescued her. A few miles away, rescuers manoeuvring through challenging terrain filled with snakes continued their search for the missing, including 10 girls and a counsellor from Camp Mystic, an all-girls summer camp that sustained large damage. Governor Greg Abbott said 41 people were unaccounted for across the state and more could be missing. In the Hill Country area, home to several summer camps, searchers have found the bodies of 68 people, including 28 children, Kerr County sheriff Larry Leitha said. Ten other deaths were reported in Travis, Burnet, Kendall, Tom Green and Williamson counties, according to officials. Rescuers search for victims among the rubble near Blue Oak RV park after flooding on the Guadalupe River in Kerrville, Texas. Photograph: Jordan Vonderhaar/The New York Times The overflowing Guadalupe River in Kerrville, Texas. Photograph: Carter Johnston/The New York Times The governor warned that additional rounds of heavy rain lasting into Tuesday could produce more dangerous flooding, especially in places already saturated. Families were allowed to look around the camp from Sunday morning. One girl walked out of a building carrying a large bell. A man whose daughter was rescued from a cabin on the highest point in the camp walked a riverbank, looking in clumps of trees and under big rocks. One family left with a blue footlocker. Nearby crews operating heavy equipment pulled tree trunks and tangled branches from the river. With each passing hour, the outlook of finding more survivors became even more bleak. Volunteers and some families of the missing came to the disaster zone and searched despite being asked not to do so. Authorities faced growing questions about whether enough warnings were issued in an area long vulnerable to flooding and whether enough preparations were made. A group gathers to pray for those missing and confirmed dead after the Guadalupe River flooded in Kerrville, Texas at the weekend. Photograph: Carter Johnston/The New York Times President Donald Trump signed a major disaster declaration on Sunday for Kerr County and said he would likely visit on Friday: 'I would have done it today, but we'd just be in their way. 'It's a horrible thing that took place, absolutely horrible,' he told reporters. Mr Abbott vowed that authorities will work around the clock and said new areas were being searched as the water receded. He declared Sunday a day of prayer for the state. – AP and Bloomberg