DXY ๐ก๏ธ U.S. Tariff Tsunami Reloaded โ The July FX Crackdown Begins๐ฅ The U.S. just fired a global economic missile โ unleashing a sweeping list of tariffs that shake up trade, crush currencies, and reshape forex flows. Here's the full breakdown of whoโs getting hit, how hard, and what traders should expect.
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๐ฃ 50% Tariffs โ High-Impact Targets
๐ง๐ท Brazil (All goods) โ Trade & geopolitical retaliation ๐งจ
๐ Copper Imports (Global) โ Hits Chile, China, Japan, Congo ๐ข๏ธ
FX Impact: BRL weakens significantly ๐, commodity currencies under pressure (AUD, CLP), USD strengthens on risk shift ๐ช
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๐ฅ 30% Tariffs โ Geopolitical Hot Zones
๐ฉ๐ฟ Algeria
๐ฎ๐ถ Iraq
๐ฑ๐พ Libya
๐ฑ๐ฐ Sri Lanka
๐ฟ๐ฆ South Africa (earlier in the week)
FX Impact: Increased risk premium on EMs ๐งจ, safe-haven flows to JPY/CHF ๐
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โ ๏ธ 25% Tariffs โ Major Economic Targets
๐ง๐ณ Brunei
๐จ๐ฆ Canada (non-USMCA goods, fentanyl/migration concerns)
๐ฏ๐ต Japan (top U.S. trade partner)
๐ฒ๐ฉ Moldova
๐ฒ๐ฝ Mexico (non-USMCA goods, fentanyl/migration concerns)
๐ฐ๐ท South Korea (announced earlier)
FX Impact: Pressure on CAD, MXN, KRW, and JPY ๐. USD/CAD & USD/MXN bullish bias ๐ต. Risk-off inflows benefit USD & CHF ๐ก๏ธ
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๐ 20% Tariffs โ Broad Regional Pressure
๐ต๐ญ Philippines
๐ป๐ณ Vietnam (cut from 46% after trade deal)
๐ช๐บ European Union (All 27 members incl. ๐ฉ๐ช Germany, ๐ซ๐ท France, ๐ฎ๐น Italy, etc.)
FX Impact: EUR pressured ๐, trade-exposed Asian currencies hit ๐, volatility rises in EUR/USD, GBP/EUR, USD/SGD ๐
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[15:11]โฑแตแตแดสษชแดาแดฎแดผหขหข[CODM]
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๐ก 10% Tariffs โ Global Allies, Still Targeted
๐ฆ๐บ Australia
๐ฌ๐ง United Kingdom
๐ธ๐ฌ Singapore
๐ณ๐ฟ New Zealand
๐ฆ๐ช UAE
๐ธ๐ฆ Saudi Arabia
๐จ๐ด Colombia (reduced after U.S. deportee acceptance)
๐ธ๐ป El Salvador
๐ฆ๐ท Argentina
๐จ๐ณ China (+10% on all goods, total ~34% including Section 301)
FX Impact: Broad USD strength vs. global basket ๐, CNY further pressured ๐, AUD & NZD under stress ๐ฅ
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๐งจ Special Tariff Zones โ Silent Currency Killers
๐ฒ๐พ Malaysia โ 25%
๐ฐ๐ฟ Kazakhstan โ 25%
๐ฑ๐ฆ Laos โ 40%
๐ฒ๐ฒ Myanmar โ 40%
๐น๐ญ Thailand โ 25%
๐ฐ๐ญ Cambodia โ 49%
๐น๐ผ Taiwan โ 32%
๐ป๐ช Venezuela โ 25% (on oil buyers, effective Apr 2, 2025) ๐ข๏ธ
FX Impact: Significant pressure on emerging Asia FX ๐ฃ, commodity volatility in oil and copper markets โฝ
