President Trump plans new tariffs by August 1st, affecting trade and facing legal challenges.

US President Donald Trump is set to implement higher import tariffs on global products by August 1st, a move that faces legal challenges and ongoing trade negotiations. The tariffs could impact international trade and the global economy, with the US already negotiating deals with several countries, including a 90-day negotiation period with Mexico. The deadline could lead to increased tariffs on various goods, potentially raising prices and affecting inflation in the US.