#TrumpTariffs

🇺🇸 Trump’s New Tariffs Shake Markets, Raise Food Price Fears

Trump has doubled down on tariffs—raising rates on steel and aluminum to 50%. This move could sharply increase canned food prices (tuna, beans, Spam) by up to 15%, hitting low-income families and food banks the hardest.

Key Highlights:

Steel & aluminum tariffs doubled

Canned goods expected to rise in price

Legal challenges ongoing, but tariffs remain active (next court hearing: July 31)

Dow dropped 230 points following tariff threats

New US-China deal includes 55% tariffs on Chinese imports, despite a trade truce

Markets are reacting cautiously. Inflation pressure, supply chain shifts, and consumer costs are all back in focus.

📉 Watch this space—tariff policy could once again reshape global trade and your grocery bill.

#Tariffs #Trump #MarketUpdate #FinanceSquare #Inflation