US EditionTrump Is Getting the World Economy He Wants — but the Risk to Growth Could Spoil His Victory Lap
- Sunday’s announcement shows the United States and the European Union agreeing to accept 15% U.S. tariffs on most goods, driven by Trump’s threats and bargaining, easing fears of a catastrophic trade war.
- The EU’s 15% tariffs are a slight rise from the 10% rate imposed in April, and Japan agreed to 15% U.S. tariffs four days earlier.
- The White House announced $750 billion in energy purchases and $600 billion in investments through 2028, with stocks rising slightly on Monday.
- New tariff revenues of several billion dollars are flowing into the U.S. Treasury, which could partly offset the tax cuts signed on July 4, and Eswar Prasad called the deals a qualified win for Trump.
- Outside economists caution that higher tariffs could raise consumer prices and dampen the Federal Reserve’s ability, as economic damage will mount in the coming months.
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Associated Press News+52 Reposted by 52 other sources
Trump is getting the world economy he wants — but the risk to growth could spoil his victory lap
President Donald Trump is getting his way with the world economy. Trading partners from the European Union to Japan to Vietnam appear to be acceding to his demands to accept higher costs in the form of high tariffs.
·United States
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Total News Sources53
Leaning Left7Leaning Right4Center34Last UpdatedBias Distribution76% Center
Bias Distribution
- 76% of the sources are Center
76% Center
L 16%
C 76%
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