It was nice while it lasted.  Nations all over the globe had until August 1st to agree to a trade deal with the Trump administration.  Some of them made deals, but most of them did not.  Those that did not will now be hit by a “wall of tariffs”, with individual rates being determined at the discretion of the White House.  So how will this “wall of tariffs” affect the U.S. economy?  Ultimately, it is going to take some time for this drama to fully play out.  The products that will be in our stores this month were brought into our country well before deadline day.  The products that will be brought into our country after deadline day will start showing up in our stores during the months ahead, and that is when we could start experiencing price hikes on certain things.

The post Deadline Day Is Here And The BRICS Countries Are Not Cooperating – So How Will The “Wall Of Tariffs” Impact The U.S. Economy? was first published by Michael Snyder on The Economic Collapse Blog and is republished here with his permission. Please support his efforts.