US-Japan trade deal averts worst for global economy
Digest more
Blunt said in an interview the U.S. companies and workers “definitely are at a disadvantage” because they face a 50% tariff on steel and aluminum and a 25% tariff on parts and finished vehicles, with some exceptions for products covered under the United States-Mexico-Canada Agreement that went into effect in 2020.
The president imposed tariffs on Japan, one of America’s closest allies, that would have been alarming just months ago. And markets went up.
The US economy is expected to slow the rest of the year as tariffs take a bigger toll on consumers and businesses, immigration constraints intensify
Inflation from tariffs will likely keep rising until November or December, according to Apollo's chief economist Torsten Sløk.
The economy’s resilience so far to President Trump’s global trade war risks emboldening him and unleashing the sort of economic devastation that economists have long feared.
Crude oil futures were little changed on Friday on mixed U.S. economic and tariff news and worries about oil supplies following the European Union's latest sanctions against Russia for its war in Ukraine.
Trump’s tariffs could hurt the US economy, given other nations could respond by tariffing American goods, which in turn could cost businesses foreign customers and result in layoffs. Indeed ...
ADB's lower growth outlook for India's economy in FY26 reflects concerns over the potential impact of the US tariffs and uncertainty surrounding related policy measures.
For any countries not targeted by the Trump administration’s tariffs, their goods sold into the U.S. will have to pay a 10% tariff. So no one escapes whether they have barriers to U.S. goods or not.
An emerging U.S.-Japanese trade deal could unlock major investment, avert a potential shock to the global economy and may deliver political wins for both U.S. President Donald Trump and Japanese Prime Minister Shigeru Ishiba,
Blunt said in an interview the US companies and workers “definitely are at a disadvantage” because they face a 50% tariff on steel and aluminum and a 25% tariff on parts and finished vehicles, with some exceptions for products covered under the United States-Mexico-Canada Agreement that went into effect in 2020.