Treasury secretary says countries without trade deals will see tariffs 'boomerang' to April rates by Aug. 1
NBCJUL 9
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Trump's chaotic tariff threats have created dangerous uncertainty for businesses and consumers while risking a global trade war that could trigger recession. The president appeared confused about his own deadline Sunday, requiring his commerce secretary to clarify the policy. American families are going to pay the price for Trump's recklessness.
There's a 7% chance that the U.S. Congress will pass a bill implementing Trump's tariff policies in 2025, according to the Metaculus prediction community.