US EditionTrump Tariffs ‘as Big an Inflation Threat as COVID-19’
UNITED STATES, JUN 26 – Stephen Miran says tariffs will largely stay after July 9, with some countries facing higher rates depending on negotiation progress, impacting international trade and markets.
- President Trump announced new tariffs affecting nearly 90 countries on April 2, raising some duties as high as 50%, then paused most levies a week later.
- The tariffs stemmed from trade negotiations with a 90-day deadline ending July 8, with uncertainty remaining over which countries might face reduced or restored tariffs.
- Business leaders report that tariffs combined with rising interest rates and supply chain disruptions have increased operational costs, especially for small and mid-sized enterprises .
- A MYOB survey shows 17% of SMEs feel tariff impacts, 41% expect global economic destabilization, and more than one-third foresee higher business costs and inflation.
- The tariff situation and increasing government debts suggest policymakers must act decisively to balance economic growth and stability, while further tariff changes may depend on negotiation progress.
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kreiszeitung.de+4 Reposted by 4 other sources
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MSNTrump's economic advisor says tariffs aren't going anywhere, and 'stubborn countries' could see a return to Liberation Day
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Trump’s trade deals are stalling out at the worst possible time - Egypt Independent
With just a week and a half remaining of a 90-day pause on President Donald Trump’s “Liberation Day” tariffs, the White House is running out of time to negotiate its long-promised trade deals that could bring some certainty to an increasingly uneasy economy.
·Cairo, Egypt
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Coverage Details
Total News Sources14
Leaning Left4Leaning Right0Center4Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
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