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Summary:The post, an image of a letter from The White House, states that the United States will impose a 30% tariff on all products from Sri Lanka starting August 1, 2025, to address a significant and persistent trade deficit, which is described as a threat to U.S. economy and national security. The letter offers an alternative for Sri Lankan companies to avoid these tariffs by building or manufacturing products within the United States.
Sentiment:Directive
Key Claims:
- The United States has a significant and persistent trade deficit with Sri Lanka.
- The trade deficit with Sri Lanka is described as unsustainable and a major threat to the U.S. economy and national security.
- The trade relationship between the United States and Sri Lanka has not been reciprocal.
- Starting August 1, 2025, the U.S. will charge Sri Lanka a 30% tariff on all Sri Lankan products sent into the United States.
- Goods transshipped to evade higher tariffs will also be subject to the higher tariff.
- The 30% tariff is presented as less than what is needed to eliminate the existing trade deficit.
- Sri Lankan companies can avoid tariffs by deciding to build or manufacture products within the United States.
- The U.S. will facilitate quick, professional, and routine approvals for Sri Lankan companies choosing to manufacture within the U.S.
- If Sri Lanka raises its tariffs, the U.S. will add that amount on top of the 30% tariff already charged.
Potential Market Impact (S&P 500):5/10
Potential Geopolitical Risk:6/10
Potential Global Cross-Asset Impact:4/10
Summary:A letter from the White House, dated July 9, 2025, to the Prime Minister of Iraq, Mohammed Shia' al-Sudani, outlines a new U.S. trade policy imposing a 30% tariff on all Iraqi products starting August 1, 2025. The letter states this measure is due to persistent trade deficits, warns against retaliatory tariffs, and asserts that the deficit poses a threat to the U.S. economy and national security.
Sentiment:Directive
Key Claims:
- The United States has a significant and persistent trade deficit with Iraq.
- The U.S. will impose a 30% tariff on all Iraqi products starting August 1, 2025.
- The 30% tariff is separate from all sectoral tariffs.
- Goods transshipped to evade a higher tariff will be subject to the 30% tariff.
- The 30% tariff is far less than what is needed to eliminate the trade deficit.
- If Iraq raises its tariffs, the U.S. will add that amount to the 30% charge.
- Iraq's tariffs, non-tariff policies, and trade barriers have caused unsustainable trade deficits against the United States.
- The trade deficit is a major threat to the U.S. economy and national security.
Potential Market Impact (S&P 500):5/10
Potential Geopolitical Risk:6/10
Potential Global Cross-Asset Impact:5/10
Summary:A letter from the White House dated July 9, 2025, addresses the President of Moldova, Maia Sandu, stating the United States faces a significant trade deficit with Moldova. To correct this, the letter announces a 25% tariff on all Moldovan products imported into the US, effective August 1, 2025. It further states that if Moldova raises its own tariffs, an equivalent amount will be added to the 25% US tariff. The letter concludes that the unsustainable trade deficits are a major threat to the US economy and national security.
Sentiment:Directive
Key Claims:
- The United States has a significant trade deficit with Moldova due to non-tariff, policies, and trade barriers.
- Beginning August 1, 2025, the US will implement a 25% tariff on all Moldovan products imported into the United States.
- Goods transshipped to evade higher tariffs will be subject to higher tariff rates.
- No tariff will be applied if Moldova or companies within Moldova decide to build or manufacture products within the United States.
- If Moldova raises its tariffs, the additional amount will be added to the 25% tariff charged by the US.
- The unsustainable trade deficits are a major threat to the US Economy and National Security.
Potential Market Impact (S&P 500):3/10
Potential Geopolitical Risk:2/10
Potential Global Cross-Asset Impact:2/10
Summary:A letter from the White House dated July 9, 2025, addressed to the Sultan of Brunei, outlines a new trade policy stating that the United States will implement a 25% tariff on all Bruneian products starting August 1, 2025, due to a significant and unsustainable trade deficit. The letter asserts that the US-Brunei trade relationship is unilateral and non-reciprocal, and offers an exception for products manufactured within the US by Bruneian companies. It further warns that any increase in Bruneian tariffs will result in additional US charges beyond the initial 25%. The US frames this deficit as a major threat to its economy and national security.
Sentiment:Demanding
Key Claims:
- The United States has a significant and unsustainable trade deficit with Brunei.
- The US-Brunei trade relationship is unilateral and far from reciprocal.
- Starting August 1, 2025, the US will charge a 25% tariff on all Bruneian products imported into the United States.
- Goods transshipped to evade higher tariffs will be subject to that higher tariff.
- There will be no US tariff if Brunei, or companies within Brunei, decide to build or manufacture products within the United States.
- If Brunei raises its tariffs, an additional amount will be added to the 25% US charge.
- Brunei's tariffs, non-tariff policies, and trade barriers are causing unsustainable trade deficits.
- The trade deficit is a major threat to the US Economy and National Security.
Potential Market Impact (S&P 500):3/10
Potential Geopolitical Risk:1/10
Potential Global Cross-Asset Impact:2/10
Summary:The White House informs the President of the Philippines that, effective August 1, 2025, the United States will impose a 20% tariff on all Philippine products due to persistent trade deficits and non-reciprocal trade policies, further stating that if the Philippines raises its tariffs, the US will add an additional 20% to its own charges, while also inviting the Philippines to increase its manufacturing within the US.
Sentiment:Directive
Key Claims:
- The United States and the Philippines have a strong, committed trading relationship.
- The United States has a significant, long-term, and persistent Trade Deficit with the Philippines.
- The trade deficit is caused by the Philippines' Tariff and Non-Tariff Policies and Trade Barriers.
- The trade relationship between the US and the Philippines is 'far from Reciprocal'.
- Starting August 1, 2025, the US will charge a 20% tariff on all Philippine products imported into the United States.
- Goods transshipped to evade higher tariffs will be subject to the higher tariff.
- The 20% tariff is presented as 'far less than what is needed to eliminate the Trade Deficit disparity'.
- If the Philippines raises its tariffs, the US will add an additional 20% onto its existing charge.
- The US invites the Philippines to participate in the 'extraordinary Economy of the United States' and build or manufacture products within the US.
- The US will expedite approvals for companies deciding to build or manufacture products within the United States.
- The trade deficits are 'unsustainable' and pose a 'major threat to our Economy and, indeed, our National Security!'
Potential Market Impact (S&P 500):7/10
Potential Geopolitical Risk:1/10
Potential Global Cross-Asset Impact:7/10
Summary:The White House informs Bosnia and Herzegovina that due to a persistent trade deficit, the United States will impose a 30% tariff on all Bosnian products entering the U.S. starting August 1, 2025. The letter states that if Bosnia and Herzegovina raises its tariffs, that increase will be added to the U.S.'s 30% charge, and that the trade deficit is a threat to U.S. economy and national security. It offers an exemption from the tariff if Bosnian companies manufacture products within the United States.
Sentiment:Ultimatum
Key Claims:
- The United States has a significant, long-term, and persistent Trade Deficit with Bosnia and Herzegovina.
- The United States seeks a more balanced and fair trading relationship.
- Starting August 1, 2025, the U.S. will charge Bosnia and Herzegovina a Tariff of 30% on all products sent into the United States.
- Goods transshipped to evade higher tariffs will be subject to higher tariffs.
- The 30% tariff is less than what is needed to eliminate the Trade Deficit disparity.
- There will be no Tariff if Bosnia and Herzegovina, or companies within Bosnia and Herzegovina, decide to build or manufacture products within the United States.
- If Bosnia and Herzegovina decides to raise its Tariffs, that amount will be added onto the 30% tariff charged by the U.S.
- The unsustainable Trade Deficits against the United States are a major threat to the U.S. Economy and National Security.
Potential Market Impact (S&P 500):3/10
Potential Geopolitical Risk:2/10
Potential Global Cross-Asset Impact:3/10
Summary:A letter from The White House to the King of Thailand announces the United States' intention to impose a 36% tariff on all Thai products starting August 1, 2025, due to persistent and unreciprocal trade deficits. The letter states that goods transshipped to evade this tariff will face higher tariffs, and indicates that no tariffs will apply if manufacturing occurs within the United States. It also warns that any retaliatory tariffs from Thailand will be added to the US tariff, characterizing the existing trade deficit as a threat to the US economy and national security.
Sentiment:Directive
Key Claims:
- The United States has a significant and persistent trade deficit with Thailand.
- The trade relationship between the US and Thailand has been unreciprocal due to Thailand's tariffs, non-tariff policies, and trade barriers.
- Starting August 1, 2025, the United States will charge Thailand a 36% tariff on all Thai products.
- Goods transshipped to evade the 36% tariff will be subject to a higher tariff.
- There will be no tariff if Thailand, or companies within Thailand, decide to build or manufacture product within the United States.
- If Thailand raises its tariffs, that amount will be added to the 36% US tariff.
- The unsustainable trade deficits with Thailand are a major threat to the US Economy and National Security.
Potential Market Impact (S&P 500):8/10
Potential Geopolitical Risk:6/10
Potential Global Cross-Asset Impact:7/10
Summary:The post displays a letter from the White House, dated July 7, 2025, to the Prime Minister of Cambodia, Hun Manet. The letter announces the imposition of a 36% tariff on all Cambodian products imported into the United States, effective August 1, 2025. This measure is attributed to a significant and persistent trade deficit with Cambodia, caused by Cambodia's tariffs and non-tariff trade barriers, which is deemed a major threat to the US economy and national security. The letter also states that companies building or manufacturing in the United States would be exempt from tariffs and warns of additional tariffs if Cambodia raises its own trade barriers.
Sentiment:Protectionist
Key Claims:
- The United States has a significant and persistent trade deficit with Cambodia.
- Cambodia's tariffs and non-tariff policies and trade barriers are responsible for the trade deficit, making the relationship unreciprocal.
- Effective August 1, 2025, the United States will implement a 36% tariff on all Cambodian products.
- Goods transshipped to avoid the tariff will incur a higher tariff rate.
- The 36% tariff is considered less than what is necessary to eliminate the trade deficit disparity.
- Cambodian companies establishing manufacturing or building facilities within the United States will not be subject to these tariffs.
- Any increase in Cambodia's tariffs will result in an equivalent increase added to the United States' 36% tariff.
- The trade deficit with Cambodia poses a major threat to the United States' economy and national security.
Potential Market Impact (S&P 500):4/10
Potential Geopolitical Risk:2/10
Potential Global Cross-Asset Impact:5/10
Summary:The United States informs Serbia of new 35% tariffs on all Serbian products starting August 1, 2025, citing persistent trade deficits caused by Serbian trade barriers and labeling these deficits a threat to US economy and national security, while offering an exemption for products manufactured in the US and warning of increased tariffs if Serbia retaliates.
Sentiment:Directive
Key Claims:
- The United States experiences a significant and persistent trade deficit with Serbia.
- Serbia's tariffs, non-tariff policies, and trade barriers cause this deficit.
- The United States will implement a 35% tariff on all Serbian products imported into the US starting August 1, 2025.
- Goods transshipped to avoid tariffs will be subject to the higher tariff rate.
- Serbian companies manufacturing products within the United States will not face these tariffs.
- If Serbia raises its tariffs, the US will add an equivalent amount to its existing 35% tariff.
- The trade deficit with Serbia poses a major threat to the US economy and national security.
Potential Market Impact (S&P 500):3/10
Potential Geopolitical Risk:2/10
Potential Global Cross-Asset Impact:3/10
Summary:The White House issues a letter to Bangladesh, dated July 7, 2025, announcing a 35% tariff on all Bangladeshi products entering the United States, effective August 1, 2025, due to persistent trade deficits and non-reciprocal trade policies, which are described as a major threat to the U.S. economy and national security. The letter also states that if Bangladesh raises its tariffs, that amount will be added to the 35% U.S. tariff, while offering the alternative for Bangladeshi companies to manufacture products within the U.S. to avoid tariffs.
Sentiment:Vindicative
Key Claims:
- The United States has a significant and persistent trade deficit with Bangladesh.
- Bangladesh's tariff, non-tariff policies, and trade barriers are responsible for these deficits.
- The trade relationship between the U.S. and Bangladesh has not been reciprocal.
- Effective August 1, 2025, the U.S. will impose a 35% tariff on all Bangladeshi products.
- Goods transshipped to evade the U.S. tariff will be subject to the same or higher tariff.
- The 35% tariff is considered less than what is needed to fully eliminate the trade deficit disparity.
- Bangladeshi companies can avoid these tariffs by manufacturing products within the United States.
- The U.S. will expedite approvals for Bangladeshi companies choosing to manufacture in the U.S.
- If Bangladesh raises its own tariffs, the U.S. will add that increase onto its existing 35% tariff.
- The unsustainable trade deficits are a major threat to the U.S. economy and national security.
Potential Market Impact (S&P 500):3/10
Potential Geopolitical Risk:5/10
Potential Global Cross-Asset Impact:4/10