Tariff Uncertainty Makes It 'Impossible' for Fed, Businesses to Plan
July 18, 2025
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7:27Now PlayingTariff Uncertainty Makes It 'Impossible' for Fed, Businesses to Plan
YouTube Description
as posted by the channelNatasha Sarin, Professor at the Yale Budget Lab and former Treasury official, talks about the impact the Trump administration's changing tariffs on Federal Reserve decision making and how history can offer a clue into the outcome of high pressure on the Fed.
President Donald Trump is readying plans for industry-specific tariffs to kick in alongside his country-by-country duties in two weeks, ramping up his push to reshape the US’s standing in the global trading system by penalizing purchases from abroad.
Administration officials could release details of Trump’s planned 50% duty on copper in the days before they’re set to take effect Aug. 1, according to a person familiar with the matter. That’s the same date so-called reciprocal levies on products from more than a 100 nations are slated to begin.
Trump said Tuesday he is likely to impose tariffs on pharmaceuticals by month’s end, adding that import taxes on semiconductors could come soon as well.
One person familiar with the process said after copper, Trump’s team has discussed making announcements on lumber, chips, critical minerals and drugs in that order, though that cadence has not been finalized and may change.
Those would follow existing duties on steel, aluminum, automobiles and car parts. Once fully implemented, all the sectoral tariffs would cover 30% to 70% of a country’s imports, with much of the rest being hit by country-specific charges, according to a person familiar with the matter.
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