💨 Abstract

President Trump delayed the start of new tariffs on imports from 66 countries by a week to update the tariff schedule. This move introduced uncertainty for consumers and businesses as talks with allies are ongoing. Trump claims the tariffs will benefit the U.S. economy, but critics worry about potential inflation and economic growth disruption. Some countries have secured temporary deals, while others remain uncertain. Legal challenges to Trump's authority to impose these tariffs are also in play.

Courtesy: WTOP Staff