U.S. President Donald Trump on Friday once again threatened to ramp up his trade war, recommending a 50% tariff on European Union goods starting June 1, sending European stocks tumbling.

Investor jitters about the state of the US public finances have put the dollar on track for its worst week since President Donald Trump’s “liberation day” tariffs announcement rocked markets at the beginning of April.

Losing track of all the tariffs? President Trump’s threats against European Union goods and Apple iPhone imports on Friday came after a few weeks of relative trade calm, following his rollback of many China levies in early May.

European luxury shares tanked on Friday as U.S. President Donald Trump said he is recommending a starting on June 1.

Jamie Dimon said during a global summit that “there’s a chance” the president’s policies could cause stagflation.

Returning U.S. manufacturing employment to a level that remotely resembles its historical peak will be an uphill battle,” the bank said this week.

Key Takeaways Forecasters expect the economic shockwave from President Donald Trump's trade wars to hit the economy soon, as reflected in "hard data" such as unemployment and inflation statistics.Some forecasts show inflation rising first,

Americans aren't going to want to work the factory jobs created by companies shifting manufacturing to the US due to tariffs, Steve Madden said.