## Summary of Trump's Tariff Announcement and Market Reaction This news report from **ForexLive**, authored by **Eamonn Sheridan** and published on **July 11, 2025**, details President Trump's plans to impose broad tariffs on a significant number of trade partners. The report indicates a compressed timeline for these actions, with potential implications for the global economy. ### Key Findings and Conclusions: * **Imposition of Blanket Tariffs:** President Trump has expressed impatience and plans to implement **blanket tariffs of 15% or 20%** on most of the United States' trade partners. This signifies a shift towards a more widespread application of tariffs, rather than targeted measures. * **Notification to EU and Canada:** The European Union (EU) and Canada are expected to receive letters notifying them of the new tariff rates **"today or tomorrow"** (referring to July 11 or 12, 2025). This suggests an imminent implementation of these tariffs. * **USD Strengthening:** The news of these impending tariffs has caused the **US Dollar (USD) to catch a bid**, indicating a positive market reaction to the announcement, at least in the short term. * **Disappointment with Russia:** Trump also expressed disappointment with Russia, stating, "we’ll see what happens over the next couple of weeks." A **major statement on Russia is expected on Monday** (July 14, 2025). * **ForexLive Rebranding:** In a separate note, ForexLive.com is set to evolve into **investingLive.com** later in the year, aiming to provide intelligent market updates and smarter decision-making tools for investors and traders. ### Critical Information and Context: * **Tariff Rates:** The specific tariff rates mentioned are **15% or 20%**. The exact rate for each country is not specified, but the implication is a uniform application across "most trade partners." * **Timeline:** The key timeframe is that letters notifying the EU and Canada of the new tariff rates will be sent **"today or tomorrow"** (July 11 or 12, 2025). This suggests the tariffs could be implemented very shortly thereafter. * **Trump's Statements:** * "Not everybody has to get a letter. You know that. We’re just setting our tariffs." * "We’re just going to say all of the remaining countries are going to pay, whether it’s 20% or 15%." * Regarding Russia: "we’ll see what happens over the next couple of weeks." ### Notable Risks or Concerns: The imposition of blanket tariffs on a wide range of trade partners carries significant potential risks, including: * **Trade Retaliation:** Other countries are likely to respond with retaliatory tariffs, potentially escalating trade disputes and harming global trade. * **Economic Uncertainty:** The unpredictability of tariff rates and their broad application can create economic uncertainty, impacting investment and consumer confidence. * **Supply Chain Disruptions:** Businesses relying on international supply chains may face increased costs and disruptions due to new tariffs. This report highlights a significant development in US trade policy, with immediate market reactions and potential for broader economic consequences.
Trump says will send tariff letters informing EU, Canada of the rates by Friday | Forexlive
Read original at ForexLive →Trump tells NBC News about tariffs: "Not everybody has to get a letter. You know that. We’re just setting our tariffs,""We’re just going to say all of the remaining countries are going to pay, whether it’s 20% or 15%"Trump tells NBC News about tariffs that EU, Canada would receive letters notifying them of new tariff rates ‘today or tomorrow’The USD is catching a bid on this news.
Trump appears to have lost patience, plans to impose blanket tariffs of 15% or 20% on most trade partners, adding that the European Union and Canada could receive tariff letters by Friday. More:He’s disappointed in Russia but added, “we’ll see what happens over the next couple of weeks.”He expects to make a major statement on Russia this coming Monday.
Later this year,ForexLive.comis evolving intoinvestingLive.com, a new destination for intelligent market updates and smarterdecision-making for investors and traders alike.
