Trump threatens 100% tariffs on BRICS nations over US dollar replacement plans

[sambody]

Looks like the Chinese client states in south east Asia are getting hit with much higher tariffs than Vietnam. The deal they made is now looking like a smart one.

 

[MH.Yang]

Looks like the Chinese client states in south east Asia are getting hit with much higher tariffs than Vietnam. The deal they made is now looking like a smart one.

Given that you MAGA's live in the information cocoon constituted by FOX and other media outlets, I'll kindly tell you that the day before yesterday the Vietnamese government denied that it had reached a trade deal with Trump. A Vietnamese government statement said that Vietnam and the United States have only tentatively finalized the framework for negotiations and are still far from reaching an agreement. U.S. Full of lies, the credit of the US government is now worse than the Indians.





Trump hasn't accomplished a single trade deal so far, except for a temporary truce with China. Even America's allies, the EU, Japan, South Korea, India, etc. have rejected America's trade deals.

 

[Indos]

WASHINGTON/BRUSSELS, July 7 (Reuters) - U.S. President Donald Trump on Monday began telling trade partners – from powerhouse suppliers like Japan and South Korea to minor players – that sharply higher U.S. tariffs will start August 1, marking a new phase in the trade war he launched earlier this year.

The 14 countries sent letters so far, which included smaller U.S. exporters like Serbia, Thailand and Tunisia, hinted at opportunities for additional negotiations while at the same time warning that any reprisal steps would be met with a like-for-like response.

"If for any reason you decide to raise your Tariffs, then, whatever the number you choose to raise them by, will be added onto the 25% that we charge," Trump said in letters, released on his Truth Social platform, to Japan and South Korea.

The higher tariffs, levied on U.S. importers of foreign goods, take effect August 1, and notably will not combine with previously announced sector tariffs such as those on automobiles and steel and aluminum.

That means, for instance, that Japanese vehicle tariffs will remain at 25%, rather than the existing 25% auto sector tariff climbing to 50% with the new reciprocal rate as has occurred with some of Trump's tariffs.

The clock has been ticking for countries to conclude deals with the U.S. after Trump unleashed a global trade war in April that has roiled financial markets and sent policymakers scrambling to protect their economies.

Trading partners got another reprieve as Trump signed an executive order on Monday extending the Wednesday deadline for negotiations to August 1.

Trump has kept much of the world guessing on the outcome of months of talks with countries hoping to avoid the hefty tariff hikes he has threatened.

The rate for South Korea is the same as Trump initially announced, while the rate for Japan is 1 point higher than the one announced on April 2. A week later, he capped all of the so-called reciprocal tariffs at 10% until Wednesday. Only two agreements have so far been reached, with Britain and Vietnam.

Wendy Cutler, vice president of the Asia Society Policy Institute, said it was unfortunate Trump was hiking tariffs on imports from two of the closest U.S. allies, but there was still time for a breakthrough in negotiations.

"While the news is disappointing, it does not mean the game is over," Cutler said.

Trump said that the United States would impose 25% tariffs on goods from Tunisia, Malaysia and Kazakhstan; 30% on South Africa, Bosnia and Herzegovina; 32% on Indonesia; 35% on Serbia and Bangladesh; 36% on Cambodia and Thailand and 40% on Laos and Myanmar.

South Korea said it planned to intensify U.S. trade talks and considers Trump's plan for a 25% tariff from August 1 as effectively extending a grace period on implementing reciprocal tariffs.

"We will step up negotiations during the remaining period to reach a mutually beneficial result to quickly resolve the uncertainties from tariffs," the country's Industry Ministry said.

Cranes at the Port of Los Angeles are empty of cargo ships as shown with a drone at in San Pedro California, U.S., May 13, 2025. REUTERS/Mike Blake

European Commission President Ursula von der Leyen attends a press conference on the day of the European Union leaders summit in Brussels, Belgium June 26, 2025. REUTERS/Yves Herman​

South African President Cyril Ramaphosa said the 30% U.S. tariff rate was unjustified given that 77% of U.S. goods enter South Africa with no tariffs. Ramaphosa's spokesperson said his government would continue to engage with the U.S.

There was no response from the Japanese embassy in Washington.

MARKET DROP​

U.S. stocks fell in response, the latest market turmoil as Trump's trade moves have whipsawed financial markets and sent policymakers scrambling to protect their economies.

U.S. stocks were driven to near bear-market territory by his cascade of tariff announcements through the early spring but quickly rebounded to record highs after he put the stiffest levies on hold on April 9.

The S&P 500 closed down about 0.8%, its biggest drop in three weeks. U.S.-listed shares of Japanese automotive companies fell, with Toyota Motor closing down 4.0% and Honda Motor off by 3.9%. The dollar surged against both the Japanese yen and the South Korean won.

"Tariff talk has sucked the wind out of the sails of the market," said Brian Jacobsen, chief economist at Annex Wealth Management. Most of the announced tariff rates have been rounded down, he added, and the letters come across as "take it or leave it" offers.

U.S. Treasury Secretary Scott Bessent said earlier on Monday he expected several trade announcements in the next 48 hours, adding that his inbox was full of countries' last-ditch offers.

TRADING BLOCS​

The European Union will not be receiving a letter setting out higher tariffs, EU sources familiar with the matter told Reuters on Monday.

The EU still aims to reach a trade deal by Wednesday after European Commission President Ursula von der Leyen and Trump had a "good exchange," a commission spokesperson said.

The EU has been torn over whether to push for a quick and light trade deal or leverage its economic clout to negotiate a better outcome. It had already given up hopes for a comprehensive trade agreement before the July deadline.

The president also threatened leaders of developing nations in the BRICS group, who are meeting in Brazil, with an additional 10% tariff if they adopt "anti-American" policies.

The group includes Brazil, Russia, India and China among others.

Which mean no deal at all. I would say it is better than the gov force our SOE buying many Boeing plane and invest in USA

I would say unlikely we continue buying F15 EX as well. Good for KF21/IFX program

 

[Viet]

Given that you MAGA's live in the information cocoon constituted by FOX and other media outlets, I'll kindly tell you that the day before yesterday the Vietnamese government denied that it had reached a trade deal with Trump. A Vietnamese government statement said that Vietnam and the United States have only tentatively finalized the framework for negotiations and are still far from reaching an agreement. U.S. Full of lies, the credit of the US government is now worse than the Indians.

View attachment 133708



Trump hasn't accomplished a single trade deal so far, except for a temporary truce with China. Even America's allies, the EU, Japan, South Korea, India, etc. have rejected America's trade deals.

It´s a framework not the final deal.

here what the US and Vietnam have agree to:
- the US imposes 20% on all Vietnam imports, 40% on transhipment
- Vietnam imposes 0% on USA imports
- Vietnam opens its market to a variety of US imports that have been previously blocked.
- the U.S. and Vietnam will establish "rules of origin” on each other’s imports
- the final deal will be sealed “within the coming weeks”.
- the US commits a “substantial reduction” of US tariffs on Vietnam’s imports, including tech products, footwear, agricultural commodities and consumer products
- the agreement does NOT include any China-specific language.

 

[gangsta_rap]

Looks like the Chinese client states in south east Asia are getting hit with much higher tariffs than Vietnam. The deal they made is now looking like a smart one.

Hey you cisgendered privlileged first worlder How does it feel knowing that your own POTUS will isolate the US and downgrade it into a hermit state rather than a world power?

 

[sambody]

Hey you cisgendered privlileged first worlder How does it feel knowing that your own POTUS will isolate the US and downgrade it into a hermit state rather than a world power?

There is not going to be any isolation. Looks like the EU and India have already agreed to deals. Japan and South Korea will most likely fall in line by Aug 1. The smaller economies don't really marter, but they will come around as well.

Even China's iron brother seems to have signed on the dotted line.

So, it will just be endless wins going forward.

 

[gangsta_rap]

There is not going to be any isolation. Looks like the EU and India have already agreed to deals. Japan and South Korea will most likely fall in line by Aug 1. The smaller economies don't really marter, but they will come around as well.

Even China's iron brother seems to have signed on the dotted line.

So, it will just be endless wins going forward.

keep telling yourself that you privileged first world person. your buffoon of a president just made the world his enemy since the day he took the oath. You think these countries are in for it for the long haul? we'll see how this goes for american tax payers soon enough

 

[sambody]

keep telling yourself that you privileged first world person. your buffoon of a president just made the world his enemy since the day he took the oath. You think these countries are in for it for the long haul? we'll see how this goes for american tax payers soon enough

Politics is all about power. Who cares about the basket of deplorables ?

 

[corven]

As it turns out, Trump's ultimate goal is to increase tariffs on all imports. In other words, raise taxes on all Americans.

It actually wants any manufacturer that supplies products to the United States to produce them in the United States. Because of the outsourcing of the supply chain, they found that their military-industrial system can only meet 30% of the parts, and the rest must be purchased from abroad. Once a war breaks out with some supply chain countries, they will quickly run out of inventory and will be unable to replenish it or will find it extremely difficult to replenish it.
The outsourcing of the supply chain has also led to a sharp rise in the prices of American-made parts---because almost every part is customized. As a result, the US government will soon be unable to afford American weapons. Therefore, Trump forced NATO countries to increase defense spending to 5% in order to share the cost.
On the issue of national security, what's wrong with letting the American people share a little more? What's more, Trump has already blackmailed NATO countries. At most, a few people will starve to death in the United States, which is insignificant compared to American hegemony.

 

[ety]

Which mean no deal at all. I would say it is better than the gov force our SOE buying many Boeing plane and invest in USA

I would say unlikely we continue buying F15 EX as well. Good for KF21/IFX program

Don't matter how much tariffs Trump imposes on ASEAN countries and others, just raise your exports prices and let the Americans pay for them. It's better than importing many more US junk products such as GM foods and Boeing airplanes.

 

[corven]

It´s a framework not the final deal.

here what the US and Vietnam have agree to:
- the US imposes 20% on all Vietnam imports, 40% on transhipment
- Vietnam imposes 0% on USA imports
- Vietnam opens its market to a variety of US imports that have been previously blocked.
- the U.S. and Vietnam will establish "rules of origin” on each other’s imports
- the final deal will be sealed “within the coming weeks”.
- the US commits a “substantial reduction” of US tariffs on Vietnam’s imports, including tech products, footwear, agricultural commodities and consumer products
- the agreement does NOT include any China-specific language.

This is actually not good news for Vietnam. If Samsung produces in Vietnam and the proportion of components does not meet the requirements, it will have to pay a 40% tariff, but Samsung's production in South Korea only has a 25% tariff. Do you think it is more cost-effective for Samsung to maintain production in Vietnam or in South Korea? Of course, it is better to move production to the United States, and Trump will cancel all tariffs. 0%, 25%, 40% Where Samsung will eventually produce depends on his cost accounting and supply chain situation.

 

[Viet]

This is actually not good news for Vietnam. If Samsung produces in Vietnam and the proportion of components does not meet the requirements, it will have to pay a 40% tariff, but Samsung's production in South Korea only has a 25% tariff. Do you think it is more cost-effective for Samsung to maintain production in Vietnam or in South Korea? Of course, it is better to move production to the United States, and Trump will cancel all tariffs. 0%, 25%, 40% Where Samsung will eventually produce depends on his cost accounting and supply chain situation.

Samsung or Korea in general is not the issue.
the US only considers everything China as transhipment.
but Vietnam gov has never agreed to any restrictions in percentage in a product concerning China. in the final deal I think we could promise buying less China, buying more USA.
moving manufacting back to the US is a myth.

 

[corven]

Politics is all about power. Who cares about the basket of deplorables ?

An idiot who knows nothing. The United States only accounts for 13.6% of global imports. The most the United States can reshape is its own supply chain. Moreover, the market has its own operating rules. It is impossible to completely interrupt it because of some US tariffs. The market will re-establish new operating rules. This is a whack-a-mole game that is completely out of the control of your idiot president. Trump is fighting windmills. By doing this, the United States will only withdraw from the dollar's dominant position. After seeing your remarks, I basically believe that the United States is finished.

 

[corven]

Samsung or Korea in general is not the issue.
the US only considers everything China as transhipment.
but Vietnam gov has never agreed to any restrictions in percentage in a product concerning China. in the final deal I think we could promise buying less China, buying more USA.
moving manufacting back to the US is a myth.

You have misjudged Trump's purpose. This group of people wants to rebuild the US industrial chain. The whole US is very anxious about this. They are not soft on Japan and South Korea either.
Targeting China is just an excuse. You should know that 25% of the products in the US military-industrial system are provided by Japan and South Korea. Trump's tariff war, regardless of the enemy or ourselves, as long as there is a trade deficit, he will fight. Didn't NATO also pay first and increase defense spending to 5%.
The only thing this person cares about is the US itself.

 

[Indos]

Don't matter how much tariffs Trump imposes on ASEAN countries and others, just raise your exports prices and let the Americans pay for them. It's better than importing many more US junk products such as GM foods and Boeing airplanes.

Basically I am worried with Gov plan to force our SOE, Garuda Indonesia Airline, to buy many Boeing planes, could be around 30 planes. This could destroy our airline as Boeing planes seem unreliable

I also oppose any attemp to buy F15 EX. Better focusing on KF21/ IFX program