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Trump Stands Firm on Aug. 1 Tariff Deadline, Previews Steep Cooper Levies | WSJ News
WSJ News· 2025-07-08 21:31
Trade Policy & Deadlines - August 1st is the payment deadline for countries to maintain trade relations with the United States [1][2] - The US expects to issue 15 to 20 letters outlining tariff lines to key countries over the next two days [2] Tariffs & Trade Relations - A 50% tariff is planned for copper [3] - A 10% tariff will be imposed on countries that are members of BRICS [3][4] - The US views maintaining the dollar as the world standard as critical, equating its loss to losing a war [3][4]
Trump: BRICS was setup to degenerate our dollar
CNBC Television· 2025-07-08 16:55
Trade Deals & Tariffs - Numerous trade deals are expected, favoring the US [1] - The US is adopting a tougher stance, leading countries to offer better terms [2] - Some countries are offering total access with no tariffs [3] - The US aims to collect money from countries perceived as taking advantage [4] BRICS & Dollar Standard - A 10% tariff may be imposed on BRICS member countries [5][6] - BRICS is viewed as a potential threat to the US dollar's dominance [5][7] - The US intends to maintain the dollar as the world standard [7][8][9] - Losing the dollar's world standard status is equated to losing a major war [8]