Posted originally on CTH on July 21, 2025 | Sundance

We are approximately 10 days away from the baseline and reciprocal trade tariffs taking place on August 1, 2025.  The U.S. economy is strengthening; inflation is not a factor, and the existing tariffs are bringing in a tremendous amount of revenue.

The most difficult trade deal to make is with the European Union as Secretary Bessent notes.  It is unlikely that any trade agreement with the EU will be reached because the EU has all the benefits and no desire to lose their status (ie. Marshal Plan).

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