His latest book is ‘What Went Wrong With Capitalism’ At the beginning of the year, the world was in striking agreement on one point: if Donald Trump went ahead with tariffs, it would strengthen the dollar and trigger stagflation.

US President Donald Trump and EU chief Ursula von der Leyen shake on it after "tough negotiations" in Scotland.

The European Union and the US appear to differ on some fundamental details in their new trade agreement, underscoring the difficulty they’ll have in turning this deal into a reality.The EU said it would accept a 15% tariff on nearly all its exports to the US.

Their private sit-down culminated months of bargaining, with the White House deadline Friday nearing for imposing punishing tariffs on the EU’s 27-member countries. “It was a very interesting negotiation.

Who pays for these tariffs? Most economists reckon that ordinary Americans will lose out, as prices in shops rise. Mr Trump and his coterie, by contrast, blithely insist that the rest of the world will shoulder the load by cutting their selling prices. So far, the evidence is giving the know-nothings a glimmer of hope.

Bangladesh has ordered 25 aircraft from Boeing and ramped up imports of key American goods in an effort to defuse trade tensions and bring down the steep tariffs imposed by the Trump administration, a senior official said on Sunday.

Independent Can Company has raised prices twice this year already after Trump imposed 25% duties on steel in March, and then doubled them in June.

Calbee's President and CEO Makoto Ehara talks about the 15% tariff on Japanese goods and the steps that the Japanese snack food company is taking to mitigate its impact.

The European Union could hit the United States with counter-tariffs on 93 billion euros ($109 billion) worth of U.S. goods if the two sides fail to reach a trade deal by Washington's August 1 deadline for imposing import levies.