Nick Timiraos, the main economics correspondent of the Wall Street Journal, join the morning with Maria, leaving the interest rates unchanged to discuss the Federal Reserve, as it navigates the tariff strategy of President Donald Trump.
President Donald Trump made a high announcement on Wednesday Tariff rates For more countries in a hurry of social media posts.
Latest round of Trump’s trade announcements It includes Libya, Iraq, Algeria, Moldova, Brunei and Philippines.
The Philippines was charged the lowest tariff rate of 20%. Brunei and Moldova were each hits with 25% rates, while Trump imposed 30% rates on Algeria, Iraq and Libya.
Trump posted images of letters in each country about new tariff rates on his true social platform.
Trump pledged 50% tariff on copper imports
Trump issued letters about tariffs on social media. (Elison Robert-Pool / Getty Image, File / Getty Image)
Trump recently said that announcements have recently been said that if there is no strike in 14 countries. Trade deal By the beginning of next month, with the US, they will return to the prescribed levels in April.
In April, Trump announced a “mutual” tariff policy, under which American tariffs on goods imported from abroad would be based on the size of the US bilateral trade deficit with countries.
Get Fox Business when you click here
Fox News Digital Sophia Competon, Amanda Macias and Michael Dorgan contributed to this report.
This is a braking news story; Please check back for updates.
