Trade Deficit and Tariff Impact - The trade deficit has widened, partly due to retaliatory measures from other countries in response to the US's more aggressive trade policies [3][4] - Blanket tariffs are not seen as effective in addressing trade imbalances, with little support outside the administration [18] - There's concern that tariffs are more performative than strategic, causing market downturns without achieving reshoring or manufacturing goals [5][6] US Economic Position and Trade Relations - The US is considered the most desirable economic market, but its reputation is being damaged by perceived bullying tactics and disregard for the rule of law [14][15] - Other trading partners are questioning whether they can rely on the US's word, potentially seeking alternatives [16] - The administration's approach is putting US businesses in a difficult situation [16] Tariff Revenue and Economic Impact - The administration is expected to collect $3.7 trillion in tariffs, potentially to offset tax cuts, but this cost will ultimately be borne by American businesses and consumers [11] - Tariffs are viewed as a tax on American businesses and consumers, despite being presented as a toll on access to the US market [10] - Companies dependent on foreign inputs may face layoffs or business closures due to tariffs [12] Alternative Trade Strategies - Sectoral targets, focusing on specific industries and egregious behavior, are considered a more effective and targeted approach than blanket tariffs [17][18]

The deadline for reciprocal tariffs has been pushed to August 1st. The Trump administration already moving ahead with steeper trade tariffs. 14 letters have gone out to notify countries of the new levies.Join us now, Fred Kemp. He's a Renaissance man. He's Atlantic Council CEO and president and a CNBC contributor.Since you are a Renaissance man, I'm surprised we didn't book you uh maybe to talk about um peace breaking out somewhat in the Middle East and Netanyahu publicly stating that Trump should get the N ...

Trump's tariffs are in the mail, sealed with a diss, says @johnauthers. But there's still a lot of drama in the letters that haven't gone out yet (via @opinion) https://t.co/nKM4WXAACZ ...

🇺🇸 BIG: Donald Trump has begun releasing letters to impose new tariffs on 12 countries starting August 1.✅ 25% tariffs on Malaysia and Kazakhstan✅ 30% tariffs on South Africa✅ 40% tariffs on Laos and Myanmar https://t.co/NqrVvKCsWu ...

European natural gas prices steadied as traders eyed Trump’s fast-approaching tariff deadline and the impact levies will have on global economic activity https://t.co/i3XlbuB5LI ...

How tariffs are shifting global supply chains https://t.co/iHYTKlGnhR ...

Joining me now is Shenika McClendon, vice president of political strategy at Crooked Media, along with former Florida representative and MSNBC political analyst Carlos Kubelloo. Chenika, starting with you, new deadline at the end of the day. Yeah, it is.um you know they can say July 9th is when everything has to get done but if the tariffs are not going to return to these elevated places until August 1st that means there's another month of time that these countries can use to negotiate I think Donald Trump ...

the Trump administration’s country-by-country tariffs will take effect Aug. 1, Commerce Secretary Howard Lutnick said, signaling some breathing room for US trading partners ahead of a July 9 deadline previously set by the president https://t.co/Q7yMsWFajo ...

Tom Barkin is looking for clarity about inflation, tariffs and employment the old-fashioned way: He’s talking to people https://t.co/WLGf7jBgHe ...

The global economy, beset with uncertainty over Donald Trump’s on-again-off-again tariffs, will get more clarity in the coming week https://t.co/zLxnAz2uzw ...