On July 7, 2025, the world stood by for a possible U.S. introduction of so-called "collateral tariffs"—trade restrictions temporarily suspended until July 9 for negotiations. These measures, dubbed the "Liberation Day tariffs," are part of the Trump administration’s push to revise global trade relations. As the deadline approaches with uncertainty over their implementation, global markets show instability: the dollar declines, indices fall, and oil prices fluctuate. Initially announced on April 2, the tariffs have caused concern among U.S. trade partners. Over the past three months, countries including China, Canada, and the EU have sought bilateral agreements to avoid sanctions. However, on July 7, U.S. officials suggested the deadline may be extended, without disclosing details—fueling market speculation. Experts warn that if enacted, the tariffs could increase import costs, reduce consumer demand, and trigger new inflationary risks. Long term, such measures may slow global economic growth. Major financial institutions such as the Federal Reserve and IMF are closely watching developments, given the potential impact on monetary policy and global stability. Sources: en.wikipedia.org/wiki/Liberation_Day_tariffs, moneyweek.com/investments/stock-markets/will-liberation-day-strike-again-trump-9-july-deadline, reuters.com/world/china/global-markets-wrapup-1-2025-07-07, investopedia.com/there-are-days-left-before-trump-s-big-tariff-deadline-what-will-happen-when-it-expires-11762538, aljazeera.com/economy/2025/7/7/what-is-next-for-global-trade-as-trumps-july-9-tariff-deadline-looms