Financial markets, which have shown increasing insensitivity to tariff threats from the US, will face a test at the Monday open after President Donald Trump declared a 30% rate for the European Union and Mexico effective Aug.

If a 30 percent tariff on Mexico goes into affect on August 1, a wide variety of foods will be more expensive, experts warn.

Some investors and economists have also noted Trump's pattern of backing off his tariff threats. Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider,

Businesses typically pass tariff costs onto consumers through higher prices. Sometimes, that process is less subtle.

Trump and his aides have repeatedly shifted their stance on tariffs since the president’s “Liberation Day” announcement.

Plus, the Justice Department has subpoenaed 20 doctors and clinics involved in “performing transgender medical procedures on children.”

The pause on the biggest of Trump's tariffs won't end this week, but the president continues to pledge steep new duties against major countries.