The rates will "boomerang back" to the sometimes very high levels that President Donald Trump had announced on April 2 -- before he suspended the levies to allow for trade talks and set a July 9 deadline for agreements,

The United States, under President Trump, is finalizing several trade agreements and will raise tariffs by August 1. Key trading partners, including the EU and India, are negotiating to reach deals, while Trump's strategy has caused global economic shifts,

President Trump's pause on sweeping global tariffs ends July 9, and there could be significant impacts for Michigan's manufacturing-heavy economy.