#TrumpTariffs

The landscape of global trade is shifting with new tariff deadlines looming. As of August 1st, countries without new trade deals with the US face increased duties. This move, aimed at leveling the playing field, could lead to higher costs for US businesses and consumers, impacting supply chains and potentially sparking further economic uncertainty. Negotiations are intense, with some deals finalized and others still at an impasse. The debate continues on whether these tariffs will ultimately boost domestic industries or hinder global economic growth.