#TrumpTariffs

President Donald Trump announced a 90-day tariff suspension 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 China, which will face a higher tariff rate.

- *Extension of tariff suspension period*: The Trump administration is considering extending the 90-day tariff suspension for America's top trading partners, provided these countries show "goodwill" in negotiations.

- *Trade agreement*: The U.S. has announced a framework trade agreement 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 significantly affect the global economy, especially developing countries.

- *Impact on the stock market*: The stock market has fluctuated sharply following Trump's announcement of the tariff suspension.

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