Reciprocal Tariff Deadline: Key Points
- On July 7th, the U.S. notified 14 countries, including Japan, Korea, and South Africa, of higher tariffs starting August 1st.
- A new 10% tariff will also apply to countries aligning with BRICS (Brazil, Russia, India, China, South Africa).
- While the April 2nd tariffs caused brief volatility, markets stabilized as these measures aimed at securing trade deals — many now in place.
- Markets have historically weathered trade uncertainty, though short-term volatility and inflation pressures often rise.
The attached chart shows tariff trends, with current rates below initial projections.
