The latest estimates from Yale's Budget Lab reveal that U.S. tariffs will significantly impact consumer wallets, leading to a $3,600 loss in purchasing power per household in 2024 dollars.

The stock market retreated last week, but shrugged off Friday's Trump tariff threats. Nvidia earnings loom large for AI

President Donald Trump on Friday threatened a 50% tax on all imports from the European Union as well a 25% tariff on Apple products unless iPhones are made in America. The threats, delivered over social media,

President Donald Trump spoke with Russian President Vladimir Putin about ending the war in Ukraine, hosted the president of South Africa at the White House and threatened more stringent tariffs against the European Union this week.

The Trump administration sees tariff talks as a chance to pressure a rival into concessions. E.U. officials have acted as though they were dealing with an ally.

LVMH boss Bernard Arnault has criticised the EU’s efforts to strike a deal with the US to reduce Donald Trump’s tariffs, saying the bloc’s negotiations with Washington had got off to a “bad start”.

A string of U.S.-led deals with key trading partners could help reduce heightened uncertainty in the business community and financial markets but represent a “suboptimal” solution, says the European Union’s top economic official.