We are approximately 10 days away from the baseline and reciprocal trade tariffs taking place on August 1, 2025.&nbsp; 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.&nbsp; 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).

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 […]{ai:summary}<p>The U.S. economy is on an upward trajectory, with inflation not posing a concern and existing tariffs generating significant revenue. However, reaching a trade agreement with the European Union appears unlikely, as the EU benefits from the current arrangement and shows little interest in change.</p><p>#economy</p>

Treasury Secretary Scott Bessent Discusses Current Status of Trade Negotiations - The Last Refuge

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