TARIFFS ARE WORKING while lunatic Liberals and deranged Democrats all scream that Trump is ruining the economy

President Donald Trump has announced plans to reinstate a wide range of import tariffs as temporary trade negotiations near their July 9 expiration. These tariffs, which were initially paused to allow for deal-making, are part of a broader strategy to bolster U.S. manufacturing and address long-standing trade imbalances. The new measures could affect over 100 countries and impose tariffs ranging from 10% to as high as 70%, depending on the nation and sector involved.

• Trump Set to Reinstate Tariffs: President Trump announced his administration will reinstate sweeping tariffs—paused during recent trade talks—with rates ranging from 10% to 70% on dozens of countries, as the July 9 deadline for negotiations nears.
• ‘Liberation Day’ Tariff Push: On April 2, Trump launched his aggressive tariff campaign with a blanket 10% tariff on all imports and higher rates for key partners like China, Canada, Mexico, and the EU. Talks with many nations are expiring without deals.
• Selective Agreements and Retaliation Threats: The U.S. has reached agreements with the UK and Vietnam, and declared a truce with China. However, EU leaders have criticized the UK-US deal and warned of retaliation if a broader EU agreement isn’t reached soon.
• Global Economic Concerns: Treasury Secretary Scott Bessent said up to 100 countries could face a minimum 10% tariff, while the OECD warned the measures risk disrupting supply chains and reducing global economic growth to 2.9% through 2026.

Trump to reinstate sweeping tariffs

The tariff campaign, which Trump launched shortly after returning to office in January, culminated in what he dubbed “Liberation Day” on April 2. On that day, a 10% blanket tariff on all imports was announced, along with higher rates targeting major trading partners including China, Canada, Mexico, and the European Union. Some of those penalties were suspended for 90 days to allow negotiations, but Trump has now confirmed there will be no extensions.

Speaking to reporters on Friday, Trump said that the U.S. would begin sending out notification letters to countries imminently. “By the ninth they’ll be fully covered,” he said, signaling that countries that fail to reach deals by the July 9 deadline will face steep import duties. Smaller nations will receive notifications later, with their tariffs set to take effect beginning August 1. “It’s a lot of money for the country,” Trump noted, while claiming the terms offered are still “a bargain.”

While Trump declined to name specific countries or product sectors, he indicated that tariffs would vary in intensity — from 10% or 20% to as high as 60% or 70% in some cases. So far, the U.S. has finalized trade agreements with the United Kingdom and Vietnam. In the case of China, a temporary truce has been declared to avoid reigniting a trade war that previously caused significant disruption to global markets.

Treasury Secretary Scott Bessent confirmed Thursday that the U.S. is close to reaching a framework agreement with the European Union, which could prevent the imposition of 50% tariffs on EU goods. The negotiations with the EU remain delicate. Trump has long accused the bloc of protectionist trade practices, especially in sectors like agriculture and manufacturing. EU ministers, meanwhile, have criticized the favorable terms given to the UK under its new deal with Washington and have warned of possible retaliatory measures if equitable terms are not secured for the rest of the bloc.

Bessent stated that up to 100 countries could face at least a 10% tariff unless more agreements are reached quickly. He predicted “a lot of action over the coming days” as nations scramble to avoid the looming penalties.

The Organization for Economic Co-operation and Development (OECD) issued a warning this week, cautioning that the sweeping tariffs could disrupt global supply chains and reduce global economic growth to just 2.9% through 2026. Despite the economic concerns, Trump remains committed to using tariffs as leverage to reset U.S. trade relationships and protect domestic industry.

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Sources for this article include:

RT.com

POLITICO.com

FoxBusines.com