US Edition
'Only Certainty Is Uncertainty' with Tariffs, Policy Analyst Says
UNITED STATES, AUG 6 – The average U.S. tariff rate has risen to 18.3%, the highest since 1934, as tariffs aim to boost domestic manufacturing and renegotiate trade agreements.
- On August 7, 2025, President Donald J. Trump’s new reciprocal tariffs take effect after he signed an executive order last week raising duties on over 60 countries.
- The U.S. and China cooled tensions in their escalating trade war, and President Trump secured deals with the European Union and Japan.
- Tariff measures coincide with higher prices and weaker payrolls, as July job growth slowed to 73,000 and inflation rose to 2.7% in June.
- Tad DeHaven, Policy Analyst at the Cato Institute, says tariffs have made conducting business more complicated, and Aaron Sojourner warns employers are 'frozen by uncertainty like deer in headlights.'
- Looking ahead, U.S. Trade Representative Jamieson Greer said foreign trade ministers are still calling for deals amid the Aug. 12 deadline, CBS' "Face the Nation" reported.
29 Articles
29 Articles
Uncertainty Remains With Latest Tariffs Kicking In After Midnight
This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Today, White House correspondent Jennifer A. Dlouhy looks at where things stand on tariffs and what comes next. Sign up here and follow us at @bpolitics. Email our editors here.
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