John Authers, Columnist

Your Tariffs Are in the Mail, Sealed With a Diss

There’s still a lot of drama left for trading partners who haven’t received letters yet.

July 8, 2025 at 4:32 AM UTC

John Authers is a senior editor for markets and Bloomberg Opinion columnist. A former chief markets commentator at the Financial Times, he is author of “The Fearful Rise of Markets.”

Trump’s tariff letter to South Korea.
Photographer: Al Drago/Bloomberg

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TACO Tuesday may never come. The conclusion of the three-month pause in the swingeing “reciprocal” tariffs announced on April 2 may not see the expected fireworks after a (not-so) Manic Monday, in which the US kicked the can down the road until Aug. 1. Tariffs are unchanged until then. A Freaky Friday, in the middle of the summer doldrums, awaits.