Trump, Inflation and Tariffs
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Financial news has been breaking fast and furious, thanks to President Trump. Over the past week, he has: Escalated threats of sharply higher tariffs on major trading partners that don’t cut trade deals with him by the end of the month.
New data showing price increases last month could foreshadow even higher costs if the president imposes steep tariffs on Aug. 1.
Indonesia also has agreed to purchase billions in U.S. energy, agriculture products and airplanes, Trump said July 15 in a social media post.
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