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Summary:A letter from the White House to the President of Mexico states that the United States will impose a 30% tariff on all Mexican products starting August 1, 2025. This action is attributed to Mexico's failure to stop drug cartels and the flow of fentanyl into the US, and to address unsustainable trade deficits. The letter specifies that transshipped goods will also be subject to the tariff and that if Mexico raises its tariffs, the US will add that increase to its 30% charge. It also notes that companies can avoid tariffs by manufacturing products within the United States.
Sentiment:Threatening
Key Claims:
- The United States will charge a 30% tariff on all Mexican products starting August 1, 2025.
- The tariffs are being imposed due to Mexico's failure to stop drug cartels and the flow of fentanyl into the United States.
- Cartels are attempting to turn North America into a 'Narco-Trafficking Playground'.
- Goods transshipped through Mexico to evade higher tariffs will be subject to the higher tariff.
- If Mexico decides to raise its tariffs, the US will add that increase to its 30% charge.
- Companies can avoid tariffs by building or manufacturing products within the United States.
- The flow of fentanyl is not the only challenge; unsustainable trade deficits are a major threat to the US economy and national security.
Potential Market Impact (S&P 500):9/10
Potential Geopolitical Risk:8/10
Potential Global Cross-Asset Impact:9/10
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:The United States announces the imposition of a 30% tariff on all Libyan products imported into the U.S. beginning August 1, 2025, citing a significant and unsustainable trade deficit deemed a major threat to U.S. economy and national security. The letter states that goods manufactured by Libya or Libyan companies within the U.S. would be exempt from these tariffs, and warns that any retaliatory tariffs imposed by Libya would be added to the U.S.'s 30% charge.
Sentiment:Vindicative
Key Claims:
- The United States has a significant and persistent trade deficit with Libya.
- The United States will impose a 30% tariff on all Libyan products imported into the U.S. starting August 1, 2025.
- Goods transshipped to evade U.S. tariffs will be subject to higher tariffs.
- Tariffs will not be applied to products manufactured by Libya or Libyan companies within the United States.
- Any tariffs raised by Libya will be added to the U.S.'s 30% charge.
- The trade deficits are an unsustainable threat to the U.S. Economy and National Security.
Potential Market Impact (S&P 500):2/10
Potential Geopolitical Risk:3/10
Potential Global Cross-Asset Impact:2/10
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 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 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
Summary:The White House communicates to the President of Indonesia the United States' decision to impose a 32% tariff on all Indonesian products starting August 1, 2025, citing persistent trade deficits caused by Indonesian tariffs and trade barriers, and warns of increased tariffs if Indonesia retaliates.
Sentiment:Directive
Key Claims:
- The United States has a significant and persistent trade deficit with Indonesia, caused by Indonesia's tariffs, policies, and trade barriers.
- The United States will implement a 32% tariff on all Indonesian products starting August 1, 2025.
- Goods transshipped to evade higher tariffs will be subject to higher tariffs.
- The 32% tariff is less than what is needed to eliminate the trade deficit.
- No tariffs will be applied if Indonesian companies build or manufacture products within the United States.
- Should Indonesia raise its tariffs, an additional tariff equivalent to Indonesia's increase will be added to the U.S.'s 32% tariff.
- Unsustainable trade deficits are a major threat to the U.S. economy and national security.
Potential Market Impact (S&P 500):5/10
Potential Geopolitical Risk:5/10
Potential Global Cross-Asset Impact:5/10
Summary:A letter from The White House to Željka Cvijanović, dated July 7, 2025, announces that the United States will implement a 30% tariff on all products from Bosnia and Herzegovina starting August 1, 2025, due to an unsustainable trade deficit and non-reciprocal trade relationship, with higher tariffs for transshipped goods and additional tariffs if Bosnia and Herzegovina raises its own tariffs, stating the deficit threatens U.S. economy and national security.
Sentiment:Demanding
Key Claims:
- The United States has a significant and unsustainable Trade Deficit with Bosnia and Herzegovina.
- The trade relationship between the U.S. and Bosnia and Herzegovina is not reciprocal.
- The U.S. will charge a 30% tariff on all products from Bosnia and Herzegovina starting August 1, 2025.
- Goods transshipped to evade the tariff will be subject to a higher tariff.
- The U.S. invites Bosnia and Herzegovina to participate in the U.S. economy, the 'Number One Market in the World'.
- The U.S. will ensure quick approvals for companies that build or manufacture products within the United States.
- If Bosnia and Herzegovina decides to raise its tariffs, an additional amount will be added to the U.S. 30% tariff.
- 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:2/10