#TrumpTariffs

President Donald Trump has declared a 90-day delay on tariffs for 75 trading partners that have not retaliated against his administration's tariff policies. However, there are still some important points to note about Trump's new tariff policy:

- *Tariffs on countries*: The U.S. will impose a 10% import tax on all countries, except for China which will face higher tariffs.

- *Extension of tariff delay*: The Trump administration is considering extending the 90-day delay on tariffs for America's top trading partners, provided these countries show "good faith" in negotiations.

- *Trade agreement*: The U.S. has announced a framework agreement on trade with the UK and China, but full details have yet to be released.

Some potential impacts of Trump's new tariff policy include ¹ ²:

- *Impact on the global economy*: Trump's new tariff policy could have a significant impact on the global economy, especially for developing countries.

- *Impact on the stock market*: The stock market has fluctuated significantly following Trump's announcement about delaying tariffs.

- *Impact on inflation*: U.S. consumer prices rose less than expected in May, indicating that Trump's tariffs have not significantly affected inflation.