Trade Showdown: Tariffs & Global Economy Concerns
- Umma Radio
- Jul 29
- 1 min read
Updated: Aug 6
With an August 1 deadline approaching, the administration is threatening “snapback” tariffs on countries like Canada, Mexico, and India. Treasury Secretary Scott Bessent reassured the public that short-term tariffs are manageable—but the IMF warns the broader tariff environment could stall global growth and stoke inflation.
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