Start of 'golden age' or expensive gamble?

President Donald Trump's original April 2 rollout of universal "reciprocal" tariffs was delayed by months of extensions, but come Friday, for the most part, tariffs on imports from around the world will multiply.

“No extensions, no more grace periods, August 1 the tariffs are set," Commerce Secretary Howard Lutnick said on Sunday.

Thursday afternoon, after a phone call with Mexican President Claudia Sheinbaum, Trump announced he would grant Mexico another 90-day extension and left the door open for another extension.

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