Reported about 8 hours ago
In a surprising turn, President Trump has escalated his tariff threats ahead of the new August 1 deadline, impacting trade relations with several nations. Despite delays in deadlines, he introduced significant tariffs of up to 50% on imports from Brazil and other countries, raising the overall effective tax on imports significantly from when he took office. While markets have reacted to his fluctuating tariffs, economists predict these changes could eventually affect inflation and corporate earnings as companies adjust to the ongoing tariff climate.
Source: YAHOO