3 key looming Trump decisions will shape the future of the economy
CNN
“It’s ultimately up to the president to decide.”
“It’s ultimately up to the president to decide.” That’s more or less the go-to line for Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and a host of other top Trump aides and White House officials when they share the administration’s plans for tariffs and trade negotiations. With the August 1 deadline for higher tariffs rapidly approaching, President Donald Trump has a week to make a number of critical decisions about trade that could shape the future of the US and global economies. Trump in early April paused most of his so-called reciprocal tariffs. They’re set to resume next Friday. But one of the few tariffs that Trump put in place on April 2 that has since stuck is the 10% universal tariff on virtually all goods coming into the United States. In recent weeks, Trump has suggested that he could raise that minimum tariff — perhaps even doubling it. “We’re just going to say all of the remaining countries are going to pay, whether it’s 20% or 15%. We’ll work that out now,” Trump told NBC News on July 10. He has since floated 15% a number of times.
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