Just in : Economists Brace for Impact as Trump’s Tariff Deadline Approaches”…See More

Just in : Economists Brace for Impact as Trump’s Tariff Deadline Approaches”…See More

When United States President Donald Trump unveiled his steep “reciprocal” tariffs on dozens of countries in April, economists issued warnings of catastrophic economic harm.

The US economy – the single biggest driver of global growth – has defied expectations across numerous metrics, with inflation staying low, employment and consumer spending remaining robust, and the stock market reaching
As Trump’s tariff deadline looms, economists see calm before the storm
Trump’s tariffs have had a limited impact on the global economy so far, but analysts fear the worst is yet to come.

When United States President Donald Trump unveiled his steep “reciprocal” tariffs on dozens of countries in April, economists issued warnings of catastrophic economic harm.So far, their fears have not materialised.

The US economy – the single biggest driver of global growth – has defied expectations across numerous metrics, with inflation staying low, employment and consumer spending remaining robust, and the stock market reaching record highs.

Still, even if the limited fallout from Trump’s tariffs has taken some analysts by surprise, economists warn that the US and global economies may just be experiencing the calm before the storm.

Dozens of US trade partners, including close allies such as South Korea and Japan, are facing tariffs of 25 percent to 40 percent unless they seal trade deals with the Trump administration by an August 1 deadline.