President Trump announced plans to expand the trade war by imposing reciprocal tariffs on other countries, aiming to match their levies on American products. With a focus on restoring fairness and reducing trade deficits, Trump mentioned potential targets like Japan and the European Union. Additionally, he signed an executive order temporarily reversing a decision to eliminate tariffs on low-cost Chinese goods, citing concerns about fentanyl and customs processing issues.
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Inflation Is Ticking Upwards. Should Tesla Investors Be Worried?
Inflation has recently shown signs of rising again, with core inflation hitting 2.7% in June, exceeding the Federal Reserve's 2% target, which is impacting companies and consumers. Electric vehicle manufacturers, including Tesla (NASDAQ: TSLA), face challenges from tariffs and rising inflation, potentially affecting their stock if the trend continues. Want More Context? 🔎
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