💨 Abstract

President Trump delayed his tariffs on 68 countries and the EU by a week for schedule updates, causing uncertainty. The new tariffs aim to boost U.S. manufacturing and economy but risk harming global relations and domestic inflation. The legality of Trump’s emergency declaration to impose tariffs is being challenged. Meanwhile, several countries negotiated varying tariff rates, but many remain unsure of their rates. Some countries face increased inflation and reduced benefits from U.S. manufacturing.

Courtesy: WTOP Staff