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Trump's Tariff Threats Loom as Trade Deals Falter

7/5/2025

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Summary

Story summary

As the 90-day pause on Donald Trump’s "Freedom Day Tariffs" approaches its end, concerns mount over the lack of substantial trade agreements. Proposed tariffs of 27% on Kazakhstan and a staggering 47% on Madagascar threaten to inflate prices for American consumers and businesses. Federal Reserve Chair Jerome Powell warns that these tariffs will ultimately weigh heavily on everyday Americans.

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Story summary

As the 90-day pause on Donald Trump’s "Freedom Day Tariffs" approaches its end, concerns mount over the lack of substantial trade agreements. Proposed tariffs of 27% on Kazakhstan and a staggering 47% on Madagascar threaten to inflate prices for American consumers and businesses. Federal Reserve Chair Jerome Powell warns that these tariffs will ultimately weigh heavily on everyday Americans.