US President Trump issued will send 12 new tariff orders, with formal letters outlining the "take it or leave it" to various countries on Monday. (Image Source: Social)
US domestic supply chains is stimulated since US President Donald Trump Started the Trade War. There has been a severe disruption across the regions. Significantly, it has taken a turnaround soon after President Trump issued a note to send 12 new tariff orders, with formal letters outlining the “take it or leave it” propositions set to be sent to various countries on Monday.
This move comes as a 90-day suspension on higher tariffs, initially announced in April, expires on July 9th.
Is This a Trade Negotiation or a Policy Shift?
While the specific nations affected remain undisclosed until Monday’s announcement, sources specify that the new tariffs could range from 10% to 70% for certain imports, however, further specifications will be clarified next week. These tariff therefore are expected to take effect from August 1st. This move further brings an alteration from negotiating customized trade deals, with the administration to favoring a more unilateral tactic.
Uncertainty Grows Across Industries
Various industry experts caution about the market uncertainties. The deviations in tariffs may be decoded as increased in costs for US businesses which potentially leads to higher consumer prices, reduced profit margins, and even the jobs cut.
Companies Dependent on Imports Face Heightened Risk
The companies which are relying on imported goods, such as those in the automotive, electronics, and even fireworks sectors, are particularly more vulnerable. Many have already faced challenges navigating rapidly changing tariff rates and are struggling to secure alternative suppliers.
Tariff Policy Creates Pressure on Domestic Businesses
While the administration maintains that these measures will protect domestic industries, the immediate impact is a scramble for businesses to re-evaluate sourcing strategies, leading to potential delays and further straining already complex supply networks. The lack of clarity and the abrupt nature of these new orders are creating an environment of uncertainty, hindering long-term investment and planning for manufacturers across the nations.
Also Read: Donald Trump Set to Send 12 Tariff Letters Ahead of July 9 Deadline: Report
Ankur Mishra is a journalist who covers an extensive range of news, from business, stock markets, IPOs to geopolitics, world affairs, international crises, and general news. With over a decade of experience in the business domain, Ankur has been associated with some of the reputed media brands. Through a sharp eye on global marketplaces along with deep insights and analysis of business strategies, Ankur brings simplicity to the complex economic matrix to decode market trends and empower people.
He is committed to entrenched data, facts, research, solutions, and a dedication to value-based journalism. He has covered trade tariff wars, international alliances, corporate policies, government initiatives, regulatory developments, along with micro- and macroeconomic shifts impacting global fiscal dynamics.
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