#TrumpTariffs Update (July 2025)
đșđž Trumpâs tariff deadline extended to August 1 â letters will go out by July 9 to nearly 100 countries with new rates (10%â70%) unless trade deals are finalized.
đ€ Deals are reportedly close with India, EU, Vietnam, and already confirmed with UK and China.
đž Impact: U.S. businesses could face up to $82B in costs, or $2,080 per employee. Fed revenue from tariffs may hit $156B â biggest tax hike since 1993.
âïž Some tariffs are being challenged in court for overreach.
âł Watch July 9 & August 1 â either we get deals... or tariffs hit hard.