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.

President Donald Trump and his supporters point to encouraging economic indicators to argue that concerns about his tariffs are overblown. Skeptics, however, say it’s too soon to declare that all’s well.

On July 7, Trump announced 25% tariffs on imports from Japan and South Korea, effective August 1. He also announced separate rates for a number of other countries. On Tuesday, he said letters would be going out soon to dozens of smaller countries notifying them their goods would face a tariff rate of over 10%.

Trump announced the pact with Indonesia, a relatively minor U.S. trading partner, as he continued to press for what he views as better terms with trading partners and ways to shrink a huge U.S. trade deficit.

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.

Ukrainian President Volodymyr Zelensky thanked Trump for his “willingness to support Ukraine.” In Kyiv, resident Nina Tokar, 70, said Tuesday that with more U.S. weapons going to Ukraine “maybe this will all end faster.

President Donald Trump announced that the U.S. will send "top-of-the-line weapons" to Ukraine via NATO countries, in a package expected to include Patriot air defense batteries. He also threatened Russia with "severe tariffs" of up to 100% if there isn't a deal to end the war in Ukraine within 50 days,