AUGUST 1 DEADLINE: The Global Tariff Bomb That Could Shake Your Wallet
PatriotR Daily News 07/09/25

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US NEWS
AUGUST 1 DEADLINE: The Global Tariff Bomb That Could Shake Your Wallet
The U.S. just issued trade ultimatums to 14 countries—including Japan, South Korea, Thailand, and Indonesia—threatening tariffs up to 40% on all imports unless deals are made by August 1st.
Markets already dropped. The yen and won tumbled.
Japan—America’s largest debt holder—now faces a 0.9% GDP hit and a potential 7% crash in its equity markets.
South Korea's tech and consumer sectors, deeply tied to U.S. demand, could see earnings fall 12%.
Trump’s message is clear: negotiate or pay. And if these countries retaliate, it could trigger inflation, 401(k) pain, and global economic fallout.
ECONOMIC NEWS
Schiff Warns: Trump's Tax Cuts Are Fuel for a Debt Doom Loop
Economist Peter Schiff is sounding the alarm on Trump’s newly signed tax and spending bill, warning it won’t boost growth—but will ignite inflation, spike interest rates, and worsen the already dire U.S. debt crisis.
🔸 Schiff says real growth comes from investment and savings, not from juiced-up consumer spending.
🔸 The bill adds $3.3 trillion to the deficit over the next decade, according to the CBO.
🔸 Medicaid and food assistance cuts could leave 11.8 million Americans without coverage.
🔸 Experts warn this could trigger a doom loop—where rising debt forces painful cuts to Social Security, Medicare, and more.
While Trump touts the package as the start of a “Golden Age,” critics argue it's a financial accelerant in a house already on fire. Read Now.
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