Trade

Trump Tariff Blitz Unleashes Delayed Shock to Global Economy

Trump Announces Sweeping Global Tariffs

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By Philip Heijmans, Swati Pandey, and Katia Dmitrieva

August 1, 2025 at 8:14 AM UTC

Updated on

August 1, 2025 at 3:32 PM UTC

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Four months after Donald Trump shocked the world and roiled markets by unveiling a placard full of tariff rates at the White House Rose Garden, his revisions unveiled Thursday generated a more subdued response among investors.