💨 Abstract

President Donald Trump's aggressive tariff strategy is in full swing, with major trading partners like the European Union, Japan, and several other countries agreeing to U.S. tariffs, hoping to avoid higher penalties. The EU has accepted 15% tariffs on most goods and agreed to billions in U.S. energy purchases and investments. Critics warn these tariffs could raise prices, stifle economic growth, and strain the U.S. Federal Reserve’s ability to influence interest rates.

Courtesy: WTOP Staff