Tariffs, Trade Wars, and Trump’s Letters
- Schulz Trade Law
- Jul 1
- 2 min read
Tariffs, Trade Wars, and Trump’s Letters
Michelle Schulz Breaks It Down on The James Show
July 1, 2025
Trade attorney Michelle Schulz, founder of Schulz Trade Law, joined host James Parker for a sharp, timely conversation on the high-stakes world of U.S. tariffs and international trade deals.
With tariff deadlines looming, global negotiations heating up, and President Trump’s unorthodox strategy shaking up traditional diplomacy, Schulz offered clear-eyed insights into what businesses and policymakers can expect next.
Michelle Schulz at 19:08
Tariffs, Trade Wars, and Trump’s Letters
Tariff Trouble Ahead
Schulz warned of a major trade shake-up as tariffs are poised to revert to the aggressive rates announced back in April—some hitting as high as 50%. Steel and aluminum tariffs are still in place, and more may be on the way.
“The vast majority of countries are going to be confused for a little bit right now,” Schulz noted, highlighting the ongoing uncertainty.
Global Tariffs Trade Snapshot
Schulz gave a country-by-country breakdown of the current state of trade negotiations:
United Kingdom: A rare bright spot—Schulz confirmed a finalized deal with the UK.
India: Still in limbo. “We’re hopeful,” she said, but no agreement has been reached.
Canada: Things cooled after digital tax retaliation, but Schulz warned this peace might not last.
China: A deal has been announced—but the fine print remains unseen.
Trump’s “Letter” Strategy
In classic Trump fashion, the former president is sidestepping detailed trade code negotiations in favor of direct “letters” to countries—essentially imposing sweeping tariff rates across entire economies.
“He’s just going to pick a number and apply it to everything from that country,” Schulz explained.
While unconventional, this blunt-force approach has pushed some countries to the table. But it’s also left many industries guessing what comes next.
What’s Next?
Schulz predicted a mix of rollbacks and permanent tariffs, noting the administration’s leverage-based approach has yielded results—at least for now. But the volatility makes long-term planning tough for global businesses.
Track the Tariff Changes in Real Time
To help businesses stay ahead, Schulz pointed listeners to the Tariff Tracker at schulztradelaw.com, featuring up-to-date listings of reciprocal tariffs, percentages, and effective dates.
“Bookmark it,” she advised, “because everything could change again in the next few weeks.”
Listen to the Full Interview
Catch the full discussion on The James Show podcast, available on wbap.com, and follow the show on social media for updates:
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