President Donald Trump has again delayed a tariff deadline. His back and forth on the policy spurred TACO accusations. What does it mean?

Inflation has eased since Trump took office, meaning prices have risen at a slower pace than they had been at the end of the Biden administration. Consumer prices increased 2.4% in May compared to a year earlier, hovering near the lowest inflation since 2021.

Donald Trump made a direct link between the tariffs and politics, saying he was making the change “due in part to Brazil’s insidious attacks on Free Elections."

Jamie Dimon warns markets are growing complacent on Trump’s tariff threats, as UBS's Paul Donovan flags a paradox fueling investor overconfidence.

The decision came just days before the prior July 9 deadline when many of Trump’s original "Liberation Day" tariffs were to take hold. Trump also began sending out letters to select trading partners, including Japan and South Korea, which he said will face 25% levies if they don’t reach agreements with the United States by Aug. 1.