'Either he's a bully... or he's a buffoon': Trump's trade wars baffle economic reporter

Trade Deals & Tariffs - Anticipation of numerous trade deals in the near future, with potential announcements increasing as the July 9th deadline approaches [1][2] - The impact of tariffs is already being felt, with potential for significant economic consequences if tariffs escalate, such as a possible 30% tariff with the EU by August 1st [4][6] - Companies have been managing supply chains and stockpiling goods to buffer against uncertainty, but this strategy has limitations in protecting against higher prices [8] - The market's reaction to Trump's tariff policies has been inconsistent, with a perception that the Fed will intervene to mitigate any negative impacts [10][11][12] Economic Impact & Political Concerns - Concerns exist regarding the inflationary impact of a large bill passed by Republicans, potentially leading to a deficit and a perception of America as an unsafe investment [13] - There is worry about stagflation in the coming year, with no forecasters predicting a positive economic outlook in terms of prices and inflation [14] - The legality of tariffs is being challenged, with arguments that Congress is abdicating its responsibilities regarding trade [15][16] - A poll indicates that even among Republicans, raising tariffs is unpopular, with only 40% favoring the measure [17]