Tuesday, July 8th
LEAD STORY – WHAT YOU NEED TO KNOW
U.S. Threatens New Tariffs Ahead of Aug. 1 Deadline
President Trump issued new tariff notices targeting 14 countries—including Japan, South Korea, Malaysia, and South Africa—with duties ranging from 25% to 40%, to be enacted on August 1, extending an earlier July deadline.
Why it matters: These renewed threats come amid a sharp sell‑off in U.S. equities, with the Dow tumbling over 600 points on Monday. The move signals heightened trade tensions and sets up further volatility as negotiations continue through late summer.