The US and the world are bracing for the possible imposition of tariffs on dozens of countries. Duties on imports would jump if the 90-day pause expires July 9 as scheduled, according to estimates. On the domestic front, a government report on nonfarm payrolls is expected to show a healthy 110,000 increase in June.
President Trump’s escalation of trade tensions with Europe, Asia and Mexico is reverberating around the globe. The Economist’s global team of experts is on the ground to follow developments as they unfold.
The US government’s newest round of tariff threats will impact companies across a wide range of industries, from pharmaceuticals to copper. Here’s how.
US-Canadian trade relations have jumped back into the headlines as President Trump threatens new tariff rates. The Economist’s Michael Bender reports on what the implications will be for businesses and consumers.
Japan’s leaders say they are shaken by the prospect of a new wave of US levies. The country had hoped that its broad economic and political relationship with the United States could protect it from severe tariffs.
In a sign of how tariffs have already started to ripple through the economy, NBC News tracks prices for services like haircuts and pet grooming as well as goods like food and toys. It finds that prices for the services are rising twice as fast as those of goods.
President Trump’s escalation of tariffs with Europe, Asia and Mexico is shaking up the world’s markets. The Economist’s global team is on the ground to follow developments as they unravel.