Many countries thought they were negotiating in good faith. The White House renewed its “reciprocal” tariff plan anyway, giving countries until Aug. 1 to make offers.
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Here’s what to know:
The labor market has chugged along so far this year. Trade wars now present an imminent threat.
Markets Play Down the Hit From Trump’s Latest Trade Fight
Global markets are in a wait-and-see mode as President Trump vows to slap steel and aluminum tariffs, among other levies, on trading partners.
Trump Officials Point to Outreach on Tariffs in a Bid to Calm Markets
Jamieson Greer, the United States trade representative, will tell senators the U.S. is economy is in need of “drastic, overdue change.”