Financial Newsletter 2025.07.04
Trump's Shockwave: A Radical Bill, a Divided Party, and a Remade America Trump's Shockwave: A Radical Bill, a Divided Party, and a Remade America Tariffs, Bills, and Negotiations The Trump administration could begin sending letters to a dozen countries as early as this Friday, unilaterally setting the tariff rates they will be required to pay. This "act first, negotiate later" approach comes as the final deadline for negotiations looms on July 9. President Trump appears to have grown tired of tedious, country-by-country talks, preferring the straightforward approach of simply sending out "bills." This maximum pressure campaign is already making some nations uneasy. On Wednesday, for instance, the U.S. announced a deal with Vietnam, imposing a 20% tariff on Vietnamese exports and a staggering 40% ...