The Council of Economic Advisers, chaired by Stephen Miran, said in a report this month that, using an analysis of a price index used to track inflation, it has contradicted the idea that

Instead on Wednesday, Trump continued to threaten countries with higher tariffs in the near future by publishing open letters to the Philippines, Brunei, Moldova, Algeria, Iraq, Libya and Sri Lanka that set new tariff rates ranging from 20% to 30% that he said he would impose on Aug. 1.

On the foreign policy front, Trump said he will send more weapons to Ukraine after the Pentagon paused deliveries of the critically-needed supplies last week. Overnight, Russia launched what Ukrainian officials said was the largest aerial assault since the start of the war.

President Donald Trump is spamming world leaders with letters threatening massive tariff hikes if they don’t strike trade deals with Washington as the U.S. blows past its own 90-day deadline for deals with 90 countries. As the letters multiply, it turns out they are partially copied and pasted.

President Donald Trump’s tariffs have already driven up some prices, but they have not yet produced the overall inflation that many economists feared.

President Trump is alerting countries around the world of impending tariff rates that they will face when sending goods to the United States, hitting prominent trading partners and poorer nations

Live updates and the latest news as the Trump administration is expected to announce new trade actions and Pete Hegseth and Benjamin Netanyahu meet

In his new round of tariffs being announced this week, Trump is essentially tethering the entire world economy to his instinctual belief that import taxes will deliver factory jobs and stronger growth in the U.S., rather than the inflation and slowdown predicted by many economists.