
U.S. President Donald Trump and First Lady Melania Trump were on the South Lawn of the White House in Washington, DC on July 4, 2025. us
Eric Lee | Getty Images News | Getty Images
For decades, Paramours, who wanted to propose to each other, moved from love letters to Instagram DMS.
However, some form of letter tradition today still exists in the solemn realm of politics. U.S. President Donald Trump revealed on Monday that he had written to leaders of 12 countries and informed them of the new tariff rates that will begin on August 1.
After reading it, the letter was enough to make the heart run. It contains bold emotional statements (“You will never be disappointed with the United States of America”), big double-digit numbers (between 25% and 40%, depending on the recipient), and should not be willing to reciprocate willing threats (“These tariffs may be modified… depending on our relationship with the country,
But if we take a step back, it seems that the purpose of his letters may not be much different from the table Trump’s “countdown” collection April hanging in the White House rose garden.
Serious tariffs that letters threaten to start on a specific date (or any deadline for the White House can be determined) unless countries engage in trade agreements with the United States. Even the tariff numbers are not far from what was originally revealed. In other words, these letters may be just a re-statement of the April event.
“If you go into the details in detail, I don’t even know if anyone knows what was announced today, what was previously there and whether it would actually be implemented, and which companies it actually affects,” Trivariate Research CEO Adam Parker said on CNBC’s CNBC on Monday.Close the clock. ”
Trump responded to whether the deadline for tariffs would change on Sunday, “They will be tariffs. Tariffs will be tariffs.”
In the same way, tariffs are tariffs, whether stated on the larger image or even in letters sent in Instagram DM.
What you need to know today
at last…
Japanese yen banknotes.
Bloomberg|Bloomberg|Getty Images
Tariffs, real wages fell, slowing growth: jobs at the central bank of Japan have decreased
Banks in Japan face a daunting challenge: As U.S. tariffs grow much-needed to slow down its monetary policy, real wages fall due to inflation.
In May 20 months, real wages fell at its fastest pace in 20 months, putting pressure on central banks to raise interest rates and control inflation. But the economic slowdown appears to be limiting banks’ ability to tighten policies.
— Lim Hui Jie