Trump, Tariffs and new deals
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1hon MSNOpinion
Additionally, Trump warned he would slap tariffs on goods from any country “aligned” with the “Anti-American policies” of China, India, and other industrial powerhouses—no further details given—and put a 50 percent levy on imported copper,
Blunt letters dictating terms posted to social media and changes late in negotiations have left trading partners wondering what President Trump will do next.
The Dow, S&P 500 and Nasdaq remain volatile as trade deals and tariffs keep investors in limbo. Amazon’s Prime Day met with fierce competition as Walmart, Costco offer their own deals. Oil inches higher.
President Trump sent more mixed signals on his tariff policy and bashed Russian President Putin during a Cabinet meeting Tuesday.
The Trump administration is expected to send dozens of letters to countries that have not made a trade deal, warning them that higher tariffs could kick in next month.
US President Donald Trump on Wednesday threatened Brazil with a crippling tariff of 50% starting August 1, according to a letter he sent to the country’s president, Luiz Inácio Lula da Silva.
"America will, once again, build a DOMINANT Copper Industry," Trump said in a post on his Truth Social media platform.
NBC News is tracking the prices of common purchases ahead of major discounting by Amazon, Walmart and other retailers, and as Trump’s global levies threaten to take hold.