But his tariffs threaten to tarnish it. Commerce Secretary Howard Lutnick declared on Tuesday that everything is hunky-dory with President Donald Trump’s Friday tariff deadline. “August 1 is the date that we’re setting all these rates,

American consumers are already being hit by President Trump’s import duties, as leading firms warn they’ll have to push higher costs onto shoppers. Over the past few months, both retailers and manufacturers have raised concerns that the new tariffs on foreign items will cut their profits unless they pass expenses along.

President Donald Trump has promised to unleash an economic boom that will turbocharge growth, fatten paychecks and chip away at America’s mountain of debt.