Summary
During a business roundtable with the U.S. and UAE, President Trump announced that his administration will send letters detailing new U.S. tariff rates on imports, citing demand from 150 countries for trade deals. Despite plans to ease tariffs on Chinese imports temporarily, companies like Walmart anticipate price hikes due to elevated tariff rates, projected to rise by 13 percentage points this year, the highest since the 1930s. While Trump promotes these tariffs as a means to boost U.S. manufacturing, experts remain skeptical about their effectiveness in significantly reviving the sector.