The Council of Economic Advisers, chaired by Stephen Miran, said in a report this month that, using an analysis of a price index used to track inflation, it has contradicted the idea that

Instead on Wednesday, Trump continued to threaten countries with higher tariffs in the near future by publishing open letters to the Philippines, Brunei, Moldova, Algeria, Iraq, Libya and Sri Lanka that set new tariff rates ranging from 20% to 30% that he said he would impose on Aug. 1.

Live updates and the latest news as the Trump administration is expected to announce new trade actions and Pete Hegseth and Benjamin Netanyahu meet

President Donald Trump is spamming world leaders with letters threatening massive tariff hikes if they don’t strike trade deals with Washington as the U.S. blows past its own 90-day deadline for deals with 90 countries. As the letters multiply, it turns out they are partially copy-and-pasted.

The president’s tariff announcements suggest he has not backed away from his initial strategy, where even smaller trading partners will face tariffs.

President Donald Trump has sent out tariff letters to seven smaller U.S. trading partners in his first batch of import tax announcements of the day.

President Donald Trump’s tariffs have already driven up some prices, but they have not yet produced the overall inflation that many economists feared.