{"id":245701,"date":"2025-07-07T16:29:15","date_gmt":"2025-07-07T16:29:15","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/245701\/"},"modified":"2025-07-07T16:29:15","modified_gmt":"2025-07-07T16:29:15","slug":"trumps-august-1-tariffs-a-new-blow-to-the-global-economy","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/245701\/","title":{"rendered":"Trump\u2019s August 1 Tariffs: A New Blow to the Global Economy"},"content":{"rendered":"<p>                            15h08 \u25aa<br \/>\n                        3<br \/>\n            min read \u25aa by<br \/>\n            Ariela R.<\/p>\n<p>As negotiations drag on, the Trump administration is raising the stakes. From August 1st, significant tariffs could hit dozens of countries. A new protectionist salvo with potentially explosive consequences for the global economy!<\/p>\n<p><img decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy- data-lazy- class=\"post-cover-image--img\" alt=\"Trump crushes the global economy with a threat\" data-lazy-src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/07\/trump-menace-economie-droits-douane-1er-aout-1024x683.png\"\/><\/p>\n<p>      In Brief<\/p>\n<ul>\n<li>The Trump administration threatens to impose tariffs of up to 70% starting August 1st.<\/li>\n<li>The global economy could be destabilized if 18 trading partners are targeted simultaneously.<\/li>\n<\/ul>\n<p>Maximum pressure on the global economy and its partners<\/p>\n<p>Washington is preparing to relaunch <strong>a broad trade offensive<\/strong>. Without a quick agreement, <a href=\"https:\/\/www.cointribune.com\/en\/trumps-taxes-jeopardize-the-global-economy\/\" target=\"_blank\" rel=\"noreferrer noopener\">the new taxes<\/a> announced in early April will indeed take effect in less than a month. The goal: to force the United States\u2019 economic partners to rebalance the trade deficit.<\/p>\n<p>The strategy now seems to be embraced by the Trump administration. Proof: Treasury Secretary <a href=\"https:\/\/www.youtube.com\/watch?v=ryyvAW52JhU\" target=\"_blank\" rel=\"noreferrer noopener\">Scott Bessent announced<\/a> on Sunday <strong>the sending of nearly 100 letters to targeted countries<\/strong>. President Donald Trump himself has already signed a dozen letters from Air Force One.<\/p>\n<p>The economies of the European Union, China, and other major trading powers find themselves directly in the crosshairs. The reason: their share in the US trade deficit that Trump considers unacceptable.<\/p>\n<p>Direct consequences on trade and economic growth<\/p>\n<p>This maneuver risks shaking up international trade. By targeting <strong>18 countries representing 95% of the US trade deficit<\/strong>, the United States could indeed destabilize global trade relations as a whole. Admittedly, <a href=\"https:\/\/www.cointribune.com\/en\/europe-hopes-to-avoid-the-worst-a-possible-agreement-with-the-usa-this-weekend\/\" target=\"_blank\" rel=\"noreferrer noopener\">Europe has begun negotiating under threat<\/a>. That said, other countries remain defensive.<\/p>\n<p>Good to know: <strong>tariffs ranging from 10% to 70%<\/strong> would cause a sharp rise in import prices. This would inevitably affect supply chains as well as financial markets.<\/p>\n<p>The already fragile global economy could therefore falter under this new pressure.<\/p>\n<p>For crypto investors, this instability could rekindle <strong>interest in alternative assets<\/strong> outside traditional circuits. The economy could then experience a brutal rebalancing, reshuffling the cards of global trade power.<\/p>\n<p class=\"post-conclusion\">In any case, <a href=\"https:\/\/www.cointribune.com\/en\/tag\/donald-trump-en\/\" target=\"_blank\" rel=\"noreferrer noopener\">Trump<\/a> is playing a tight game. If the threats materialize, the global economy could shift into a new era of tensions. A situation to watch very closely in the coming weeks!<\/p>\n<p>Maximize your Cointribune experience with our &#8220;Read to Earn&#8221; program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.<\/p>\n<p><\/p>\n<p>\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" alt=\"Ariela R. avatar\" class=\"w-full h-full wrote_by_image\" width=\"80\" height=\"80\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/04\/ariela-2-150x150.png\"\/><\/p>\n<p>\t\t\t\t\t\t\t\t\tAriela R.<\/p>\n<p class=\"text-gray-500 dark:!text-gray-200 !p-0 text-sm md:text-base wrote_by_description\">My name is Ariela, and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago, but it is a universe that greatly interests me. The topics covered on the platform allow me to learn more. A singer in my spare time, I also cultivate a great passion for music and reading (and animals!)<\/p>\n<p>DISCLAIMER<\/p>\n<p class=\"italic text-base\">The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.<\/p>\n","protected":false},"excerpt":{"rendered":"15h08 \u25aa 3 min read \u25aa by Ariela R. As negotiations drag on, the Trump administration is raising&hellip;\n","protected":false},"author":2,"featured_media":245702,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3090],"tags":[51,1700,16,15],"class_list":{"0":"post-245701","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114812903021886366","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/245701","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=245701"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/245701\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/245702"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=245701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=245701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=245701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}