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Trump's 70% Tariff Threat Sparks Global Trade Panic

7/8/2025

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Trump's Tariff Threat

With the July 9 deadline looming, U.S. trade partners are racing against time to secure agreements and dodge hefty tariffs. President Trump's threat of up to 70% tariffs on non-compliant nations sends shockwaves through the global economy. Economists caution that extended tariffs could stifle growth, even as recent job gains and modest inflation paint a complex picture for the U.S. economy.

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Powell Warns Economy

The U.S. economy is grappling with the dual challenges of dwindling immigration and a shrinking labor force, as revealed in a recent jobs report. Federal Reserve Chair Jerome Powell emphasized that fewer immigrant workers hinder economic growth. Adding to the uncertainty, President Trump is set to introduce new tariffs on imports, which could drive up consumer prices and strain trade ties.

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Trump's Tariff Threat

With the July 9 deadline looming, U.S. trade partners are racing against time to secure agreements and dodge hefty tariffs. President Trump's threat of up to 70% tariffs on non-compliant nations sends shockwaves through the global economy. Economists caution that extended tariffs could stifle growth, even as recent job gains and modest inflation paint a complex picture for the U.S. economy.

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