## Trump’s Tariff Letters: A Political Love Letter?
This article from CNBC’s Daily Open newsletter examines President Trump’s recent letters to 12 countries, announcing new tariffs. It draws parallels between these letters and the traditional courtship rituals, while also analyzing the market impact of these announcements.
- Presidential Letters: Trump sent letters to 12 countries, informing them of new tariffs ranging from 25% to 40% starting August 1st.
- Emotional Declarations: The letters contain bold statements and veiled threats, reminiscent of a love letter.
- Reciprocal Tariffs: The purpose of the letters is to pressure countries into negotiating trade deals with the U.S.
- Market Impact: U.S. markets reacted negatively to the tariff announcements, with major indexes ending in the red.
- Other Market News: The article also covers Tesla’s stock drop, Samsung’s profit forecast, and the success of a Chinese jeweler, Laopu Gold, in Singapore.
For the full story, check out the original article on [CNBC](https://www.cnbc.com/).