Wall Street Journal’s Chief Economics Correspondent Nick Timiras joins the morning with Maria to discuss the Federal Reserve as he navigates President Donald Trump’s tariff strategy.
President Donald Trump announced on Wednesday that in a social media post, tariff charges in more countries are higher.
The latest round of Trump’s trade announcements included Libya, Iraq, Algeria, Moldova, Brunei and the Philippines.
The Philippines was charged a 20% lowest rate. Brunei and Moldova hit at a 25% rate each, while Trump imposed a 30% rate on Algeria, Iraq and Libya.
Trump has posted images of the letter to countries regarding new tariff rates on his true social platforms.
Trump pledges 50% tariffs on copper imports
Trump has released a letter on social media tariffs. (Allison Robbert-Pool/Getty Images, File/Getty Images)
The announcement after Trump recently said that 14 countries do not attack Trade Contract By the beginning of next month, the US will return to the level set for April.
In April, Trump announced a “mutual” tariff policy in which US tariffs on goods imported from abroad are based on the scale of the US bilateral trade deficit with those countries.
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Sophia Compton, Amanda from Fox News Digital Macias and Michael Dorgan contributed to this report.
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