Washington (Brussels Morning Newspaper) – United States President Donald Trump said Thursday that comprehensive tariffs he has imposed on countries around the world were making the nation “great & rich again”.
In a post on his Truth Social platform, Trump said:
“Tariffs are making America GREAT & RICH Again,”
as countries raced to strike agreements with the US less than 24 hours before an August 1 deadline.
He further emphasised that
“They were successfully used against the USA for decades and, coupled with really dumb, pathetic, and crooked politicians, we’re having a devastating impact on the future, and even the survival, of our country. Now the tide has completely turned, and America has successfully countered this onslaught of Tariffs used against it.”
“ONE YEAR AGO, AMERICA WAS A DEAD COUNTRY, NOW IT IS THE “HOTTEST” COUNTRY ANYWHERE IN THE WORLD,”
Trump also said.
How are Trump’s tariffs affecting global trade partners?
In the last couple of days, US President Donald Trump implemented new tariffs on several countries, with a deadline of August 1. He announced a 50% tariff on Brazilian exports, but that was deferred until August 6, with exemptions for orange juice and civil aircraft.
As for India, a 25% tariff will take effect on August 1, while the announcement included unspecified penalties relating to India’s purchase of Russian energy and military supplies.
South Korea cut a last-minute trade deal with the US that pegged tariffs initially threatened to be 25% at 15% tariffs. The deal also has a considerable South Korean commitment to invest $350 billion in the US economy, and assured tariff parity for automobiles and agriculture.
How does the EU-US trade deal affect exports?
Meanwhile, the European Union and the United States reached a landmark deal on trade on July 27, 2025, establishing a 15% tariff cap on most EU exports to the United States, including important sectors such as automobiles, pharmaceuticals, and semiconductors. A 15% tariff is a reasonable compromise between a threatened increase to 30% anda 1.2% average tariff rate in 2024, and affects about 70% of EU exports to the US.
