For investors, the risk now is that the slow drip of news on tariffs leads to complacency about the damage they might cause-the Nasdaq stock index closed a record high yesterday.

W hen Donald Trump’s tariffs are mentioned, you might recall his “Liberation Day” duties on uninhabited islands, his on-again, off-again threats against Canada, or the curt letters he has sent foreign leaders informing them of imminent rates.

US inflation heated back up in June, rising to its highest level in four months, as price increases — including those from tariffs — packed a bigger punch.

Donald Trump is growing impatient with Russian President Vladimir Putin, publicly lamenting earlier this week the fact that Russia hasn't agreed to a peace deal with Ukraine.Trump also promised new tariffs if a peace deal doesn't come in 50 days.

Trump asked Ukraine's Zelensky earlier this month if he could strike Moscow and other Russian targets, the Financial Times reported.