Economics ❯Global Economy ❯Trade Wars

Economic Impact

Market Reactions Recession Risks Inflation Job Losses Consumer Prices Market Responses Consumer Behavior GDP Effects Inflation Risks Tariff Chaos Inflation and Unemployment US-China Relations Recession Fears Supply Chain Issues Manufacturing Activity Bilateral Relations Supply Chain Disruption Bilateral Trade Relations Household Effects Job Market Political Reactions Tariff Effects GDP Forecasts US Economic Impact Consumer Spending Business Reactions to Tariffs Price Increases Investor Confidence Retaliatory Tariffs

Trump Confirms 50% EU Tariffs and 25% iPhone Duties Starting June 1

The announcement triggers stock market declines in the US and Europe as Brussels seeks clarity and prepares for potential retaliation.

U.S. Economy Contracts 0.3% in Q1, Marking First Decline Since 2022

Carville Condemns Trump’s Tariffs as Economic and Political Catastrophe