- Tariff Expansion: President Trump escalated his tariff strategy by announcing or proposing new duties on imports from the EU, Mexico, Canada, and Russia.
- Ongoing Trade Talks: Preliminary trade agreements were reached with Vietnam and Indonesia, with negotiations nearing completion with India.
- Sector-Specific Tariffs: Trump reiterated plans to impose tariffs on specific sectors, notably pharmaceutical imports and semiconductors.
Source PwC
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