President Trump is pushing through with his tariff agenda, unveiling a new batch of letters to country leaders outlining tariffs on goods imported from their countries beginning in August and a warning to BRICS nations.

Economists had already downgraded growth for the European Union, and the new duties would hit industries there especially hard. Companies are looking for ways to blunt the impact.

President Trump's tariff threats are more about dominating the news than trade negotiations, causing market reactions and raising economic concerns. His feud with Fed Chair Jerome Powell and potential aggressive interest rate cuts add further market uncertainty.