U.S. President Donald Trump declared that reciprocal tariffs will take effect at midnight on August 6, aiming to generate billions in import revenue from countries long benefiting from trade with the U.S. In a Truth Social post, he warned that only “radical left-wing courts” could stop this move. His comments likely referenced ongoing legal challenges to his tariff authority. Critics fear the tariffs could raise consumer prices, as economic uncertainty grows and the Federal Reserve remains cautious on interest rate changes.