President Donald Trump is preparing to impose sweeping new tariffs on U.S. allies starting August 1, despite Wall Street’s apparent belief he won’t follow through. While markets remain calm, White House officials interpret the lack of panic as validation of their aggressive trade agenda.
White House to Hit Allies with New Tariffs Amid Market Calm
Officials say companies are adapting, and inflation hasn’t spiked. Several trade deals have been announced, but many major economies remain in negotiations to avoid steep duties.
Critics argue that markets may be underestimating the long-term damage to global trade. Meanwhile, Trump insists that tariffs are real policy tools—not just threats—and vows to enforce them broadly.
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