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Trump's Tariffs Explained as the 90-Day Pause Set to End Next Week

UNITED STATES, JUL 01 – President Trump's 90-day tariff pause ends with only a few limited trade agreements while toy prices rose 2.2% from April to May, signaling broader consumer cost increases, experts say.

  • President Donald Trump announced the end of the 90-day tariff pause is approaching on July 9, with tariffs set to resume in the U.S.
  • The pause followed initial tariff chaos in April, and upcoming tariff actions reflect ongoing, uncertain trade talks with major partners like China, the EU, and Vietnam.
  • Trump's sweeping reciprocal tariffs have caused sharp market reactions, and experts warn resumed tariffs could increase consumer prices and inflation.
  • Economists estimate tariffs could raise U.S. consumer prices by 1.5% to 2.3% this year, adding about $3,800 in household expenses and signaling potential broader economic impacts.
  • While some anticipate further trade agreements, uncertainty persists, and Trump's credibility and the ultimate tariff outcomes remain in question amid possible short-term tariff escalations.
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The Week broke the news in Washington, United States on Tuesday, July 1, 2025.
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