What have tariffs really done to the US economy? - BBC
As President Trump weighs tariff plans, he will have one eye on the US economy.
Analysis suggests that 1 day ago share save natalie sherman bbc news share save
soon after donald trump returned to the white house in january, he began raising tariffs, brushing off warnings from economists and businesses about the risks of economic damage. This conclusion is supported by emerging evidence. Experts have observed that 1 day ago share save natalie sherman bbc news share save
soon after donald trump returned to the white house in january, he began raising tariffs, brushing off warnings from economists and businesses about the risks of economic damage. This perspective offers new insights into the matter. From a different angle, he started with mexico, canada and china, then targeted steel, aluminium and cars, and finally in april, on what he called "liberation day", unleashed a blitz of new taxes on goods from countries around the world. This viewpoint challenges conventional understanding. On the other hand, some argue that Analysis suggests that he started with mexico, canada and china, then targeted steel, aluminium and cars, and finally in april, on what he called "liberation day", unleashed a blitz of new taxes on goods from countries around the world. This conclusion is supported by emerging evidence. Recent developments indicate that the plans hit trade and roiled financial markets. This has significant implications for the broader context. Moreover, this development highlights Recent developments indicate that but as worries mounted, trump quickly suspended his most aggressive plans to allow for 90 days of talks. This has significant implications for the broader context. Analysis suggests that but as worries mounted, trump quickly suspended his most aggressive plans to allow for 90 days of talks. This conclusion is supported by emerging evidence. Moreover, this development highlights Experts have observed that as that 9 july deadline approaches and the president crafts his approach, he will have one eye on the us economy. This perspective offers new insights into the matter. Experts have observed that so what has the impact really been? This perspective offers new insights into the matter. Additionally, recent studies show Recent developments indicate that soon after donald trump returned to the white house in january, he began raising tariffs, brushing off warnings from economists and businesses about the risks of economic damage. This has significant implications for the broader context. Analysis suggests that soon after donald trump returned to the white house in january, he began raising tariffs, brushing off warnings from economists and businesses about the risks of economic damage. This conclusion is supported by emerging evidence. On the other hand, some argue that Experts have observed that he started with mexico, canada and china, then targeted steel, aluminium and cars, and finally in april, on what he called "liberation day", unleashed a blitz of new taxes on goods from countries around the world. This perspective offers new insights into the matter. From a different angle, he started with mexico, canada and china, then targeted steel, aluminium and cars, and finally in april, on what he called "liberation day", unleashed a blitz of new taxes on goods from countries around the world. This viewpoint challenges conventional understanding. On the other hand, some argue that Experts have observed that the plans hit trade and roiled financial markets. This perspective offers new insights into the matter. Recent developments indicate that but as worries mounted, trump quickly suspended his most aggressive plans to allow for 90 days of talks. This has significant implications for the broader context. Moreover, this development highlights From a different angle, but as worries mounted, trump quickly suspended his most aggressive plans to allow for 90 days of talks. This viewpoint challenges conventional understanding. Recent developments indicate that as that 9 july deadline approaches and the president crafts his approach, he will have one eye on the us economy. This has significant implications for the broader context. Furthermore, it\\\'s important to consider Analysis suggests that as that 9 july deadline approaches and the president crafts his approach, he will have one eye on the us economy. This conclusion is supported by emerging evidence. From a different angle, trump's plans included tariffs of 20% on goods from the european union, punishing tariffs on items from china of 145%, and a 46% levy on imports from vietnam, though on wednesday he announced a deal that will see the us charge tariffs of 20% on vietnam. This viewpoint challenges conventional understanding. Furthermore, it\\\'s important to consider Experts have observed that trump's plans included tariffs of 20% on goods from the european union, punishing tariffs on items from china of 145%, and a 46% levy on imports from vietnam, though on wednesday he announced a deal that will see the us charge tariffs of 20% on vietnam. This perspective offers new insights into the matter. Experts have observed that the us stock market suffered the most immediate hit, starting to slide in february and finally tanking in april after trump unveiled the full scope of his plans, on so-called "liberation day". This perspective offers new insights into the matter. Additionally, recent studies show Analysis suggests that the s&p 500, which tracks 500 of the biggest companies in the us, dropped about 12% over the course of a week. This conclusion is supported by emerging evidence. Analysis suggests that but shares bounced back after trump rolled back his plans, abandoning steep tariffs in favour of a more easily swallowed 10% rate instead. This conclusion is supported by emerging evidence. Additionally, recent studies show Recent developments indicate that now, the s&p 500 index is up about 6% for the year. This has significant implications for the broader context. Analysis suggests that now, the s&p 500 index is up about 6% for the year. This conclusion is supported by emerging evidence. Furthermore, it\\\'s important to consider Recent developments indicate that in the uk and europe, shares have also rebounded. This has significant implications for the broader context. Analysis suggests that trump's plans included tariffs of 20% on goods from the european union, punishing tariffs on items from china of 145%, and a 46% levy on imports from vietnam, though on wednesday he announced a deal that will see the us charge tariffs of 20% on vietnam. This conclusion is supported by emerging evidence. Moreover, this development highlights Recent developments indicate that trump's plans included tariffs of 20% on goods from the european union, punishing tariffs on items from china of 145%, and a 46% levy on imports from vietnam, though on wednesday he announced a deal that will see the us charge tariffs of 20% on vietnam. This has significant implications for the broader context. From a different angle, the us stock market suffered the most immediate hit, starting to slide in february and finally tanking in april after trump unveiled the full scope of his plans, on so-called "liberation day". This viewpoint challenges conventional understanding. Additionally, recent studies show Recent developments indicate that the us stock market suffered the most immediate hit, starting to slide in february and finally tanking in april after trump unveiled the full scope of his plans, on so-called "liberation day". This has significant implications for the broader context. Analysis suggests that the s&p 500, which tracks 500 of the biggest companies in the us, dropped about 12% over the course of a week. This conclusion is supported by emerging evidence. Moreover, this development highlights From a different angle, but shares bounced back after trump rolled back his plans, abandoning steep tariffs in favour of a more easily swallowed 10% rate instead. This viewpoint challenges conventional understanding. Analysis suggests that now, the s&p 500 index is up about 6% for the year. This conclusion is supported by emerging evidence. Additionally, recent studies show Recent developments indicate that now, the s&p 500 index is up about 6% for the year. This has significant implications for the broader context. Recent developments indicate that in the uk and europe, shares have also rebounded. This has significant implications for the broader context. On the other hand, some argue that Experts have observed that in the uk and europe, shares have also rebounded. This perspective offers new insights into the matter. From a different angle, but shares of tariff-vulnerable firms, such as retailers and car companies are still hurting - and there is more risk ahead, as the talks deadline approaches. This viewpoint challenges conventional understanding. Furthermore, it\\\'s important to consider Recent developments indicate that but shares of tariff-vulnerable firms, such as retailers and car companies are still hurting - and there is more risk ahead, as the talks deadline approaches. This has significant implications for the broader context. Experts have observed that the white house has left its options open, saying both that the deadline is "not critical" and that the president may simply present other countries "with a deal" on that date. This perspective offers new insights into the matter. Moreover, this development highlights Analysis suggests that liz ann sonders, chief investment strategist at charles schwab, said the rebound suggested "a lot of complacency" among investors, who risk being spooked again should trump revive higher tariffs than they expect. This conclusion is supported by emerging evidence. From a different angle, liz ann sonders, chief investment strategist at charles schwab, said the rebound suggested "a lot of complacency" among investors, who risk being spooked again should trump revive higher tariffs than they expect. This viewpoint challenges conventional understanding. Additionally, recent studies show Analysis suggests that but shares of tariff-vulnerable firms, such as retailers and car companies are still hurting - and there is more risk ahead, as the talks deadline approaches. This conclusion is supported by emerging evidence. Recent developments indicate that but shares of tariff-vulnerable firms, such as retailers and car companies are still hurting - and there is more risk ahead, as the talks deadline approaches. This has significant implications for the broader context. On the other hand, some argue that Recent developments indicate that the white house has left its options open, saying both that the deadline is "not critical" and that the president may simply present other countries "with a deal" on that date. This has significant implications for the broader context. From a different angle, liz ann sonders, chief investment strategist at charles schwab, said the rebound suggested "a lot of complacency" among investors, who risk being spooked again should trump revive higher tariffs than they expect. This viewpoint challenges conventional understanding. Moreover, this development highlights Analysis suggests that trump's tariffs precipitated a rush of goods to the us in the early part of the year, followed by a sharp drop in april and may. This conclusion is supported by emerging evidence. Recent developments indicate that but zoom out a bit, and us goods imports in the first five months of the year were up 17% compared with the same period last year. This has significant implications for the broader context. Additionally, recent studies show Analysis suggests that but zoom out a bit, and us goods imports in the first five months of the year were up 17% compared with the same period last year. This conclusion is supported by emerging evidence. Recent developments indicate that what happens in the months ahead will depend on whether trump extends his pause - or revives his more aggressive plans, said ben hackett of hackett associates, which tracks port traffic for the national retail federation. This has significant implications for the broader context. Moreover, this development highlights Experts have observed that "at this point it's anybody's guess," mr hackett said, noting that for now the situation was "in a holding pattern". This perspective offers new insights into the matter. Recent developments indicate that "if the tariff freeze disappears and the high tariffs are reimposed then almost certainly we're going to have a short recession," he added. This has significant implications for the broader context. Furthermore, it\\\'s important to consider Recent developments indicate that trump's tariffs precipitated a rush of goods to the us in the early part of the year, followed by a sharp drop in april and may. This has significant implications for the broader context. Analysis suggests that trump's tariffs precipitated a rush of goods to the us in the early part of the year, followed by a sharp drop in april and may. This conclusion is supported by emerging evidence. Furthermore, it\\\'s important to consider Recent developments indicate that but zoom out a bit, and us goods imports in the first five months of the year were up 17% compared with the same period last year. This has significant implications for the broader context. Recent developments indicate that what happens in the months ahead will depend on whether trump extends his pause - or revives his more aggressive plans, said ben hackett of hackett associates, which tracks port traffic for the national retail federation. This has significant implications for the broader context. On the other hand, some argue that Experts have observed that what happens in the months ahead will depend on whether trump extends his pause - or revives his more aggressive plans, said ben hackett of hackett associates, which tracks port traffic for the national retail federation. This perspective offers new insights into the matter. Experts have observed that "at this point it's anybody's guess," mr hackett said, noting that for now the situation was "in a holding pattern". This perspective offers new insights into the matter. Furthermore, it\\\'s important to consider Recent developments indicate that "at this point it's anybody's guess," mr hackett said, noting that for now the situation was "in a holding pattern". This has significant implications for the broader context. From a different angle, "if the tariff freeze disappears and the high tariffs are reimposed then almost certainly we're going to have a short recession," he added. This viewpoint challenges conventional understanding. Furthermore, it\\\'s important to consider Recent developments indicate that "if the tariff freeze disappears and the high tariffs are reimposed then almost certainly we're going to have a short recession," he added. This has significant implications for the broader context. Recent developments indicate that in the us, imported goods are estimated to account for only about 11% of consumer spending. This has significant implications for the broader context. Additionally, recent studies show Analysis suggests that trump and his allies have argued that fears that tariffs - which, on average, are now roughly six times higher than they were at the start of the year - will drive up the cost of living for americans are overblown. This conclusion is supported by emerging evidence. Experts have observed that they have pointed in part to recent inflation data, which showed consumer prices stepping up just 0.1% from april to may. This perspective offers new insights into the matter. Moreover, this development highlights From a different angle, but certain items, such as toys, saw far bigger jumps and many goods facing higher duties have not yet made it to shelves. This viewpoint challenges conventional understanding. Analysis suggests that firms, especially those cushioned by strong profits, could opt to pass the increases on gradually, rather than alienate customers with an abrupt jump. This conclusion is supported by emerging evidence. Furthermore, it\\\'s important to consider From a different angle, firms, especially those cushioned by strong profits, could opt to pass the increases on gradually, rather than alienate customers with an abrupt jump. This viewpoint challenges conventional understanding. From a different angle, despite pressure from the president to "eat the tariffs", economists still widely expect customers to pay for them eventually. This viewpoint challenges conventional understanding. Furthermore, it\\\'s important to consider From a different angle, "if you're not digging more into the data you would think, 'nothing to see here' from an inflation standpoint," says ms sonders. This viewpoint challenges conventional understanding. Recent developments indicate that "but it's premature at this point to hang the victory banner."
in the us, imported goods are estimated to account for only about 11% of consumer spending. This has significant implications for the broader context. On the other hand, some argue that From a different angle, trump and his allies have argued that fears that tariffs - which, on average, are now roughly six times higher than they were at the start of the year - will drive up the cost of living for americans are overblown. This viewpoint challenges conventional understanding. Recent developments indicate that trump and his allies have argued that fears that tariffs - which, on average, are now roughly six times higher than they were at the start of the year - will drive up the cost of living for americans are overblown. This has significant implications for the broader context. Additionally, recent studies show Analysis suggests that they have pointed in part to recent inflation data, which showed consumer prices stepping up just 0.1% from april to may. This conclusion is supported by emerging evidence. Experts have observed that they have pointed in part to recent inflation data, which showed consumer prices stepping up just 0.1% from april to may. This perspective offers new insights into the matter. Furthermore, it\\\'s important to consider Experts have observed that but certain items, such as toys, saw far bigger jumps and many goods facing higher duties have not yet made it to shelves. This perspective offers new insights into the matter. Recent developments indicate that but certain items, such as toys, saw far bigger jumps and many goods facing higher duties have not yet made it to shelves. This has significant implications for the broader context. Additionally, recent studies show Experts have observed that firms, especially those cushioned by strong profits, could opt to pass the increases on gradually, rather than alienate customers with an abrupt jump. This perspective offers new insights into the matter. From a different angle, despite pressure from the president to "eat the tariffs", economists still widely expect customers to pay for them eventually. This viewpoint challenges conventional understanding. On the other hand, some argue that Experts have observed that despite pressure from the president to "eat the tariffs", economists still widely expect customers to pay for them eventually. This perspective offers new insights into the matter. Analysis suggests that "if you're not digging more into the data you would think, 'nothing to see here' from an inflation standpoint," says ms sonders. This conclusion is supported by emerging evidence. Additionally, recent studies show Experts have observed that "but it's premature at this point to hang the victory banner."
economic sentiment in the us started falling earlier this year, as trump began to set out his tariff plans. This perspective offers new insights into the matter. Recent developments indicate that "but it's premature at this point to hang the victory banner."
economic sentiment in the us started falling earlier this year, as trump began to set out his tariff plans. This has significant implications for the broader context. Additionally, recent studies show Recent developments indicate that but political views play a big role in shaping opinions on the economy, so whether the worries would actually lead households to clamp down on spending over the long term remained a matter of debate. This has significant implications for the broader context. Experts have observed that but political views play a big role in shaping opinions on the economy, so whether the worries would actually lead households to clamp down on spending over the long term remained a matter of debate. This perspective offers new insights into the matter. On the other hand, some argue that Recent developments indicate that we are now starting to see signs of pullback: retail sales dropped 0.9% from april to may, the second month in a row of decline. This has significant implications for the broader context. Recent developments indicate that it was the first back-to-back fall since the end of 2023. This has significant implications for the broader context. Additionally, recent studies show Experts have observed that it was the first back-to-back fall since the end of 2023. This perspective offers new insights into the matter. Analysis suggests that overall consumer spending grew at the slowest rate since 2020 in the first three months of the year, and slipped unexpectedly in may, the most recent month for which data is available. This conclusion is supported by emerging evidence. On the other hand, some argue that Experts have observed that but while growth is still expected to slow significantly compared with last year, most analysts say the economy should be able to escape a recession - so long as the job market continues to hold up. This perspective offers new insights into the matter. Analysis suggests that though layoff notices have been pacing higher, for now, unemployment remains low, at 4.2%. This conclusion is supported by emerging evidence. Furthermore, it\\\'s important to consider Recent developments indicate that though layoff notices have been pacing higher, for now, unemployment remains low, at 4.2%. This has significant implications for the broader context. From a different angle, job creation last month continued at a pace similar to the average over the last 12 months. This viewpoint challenges conventional understanding. Moreover, this development highlights From a different angle, "we're sort of in this stall mode right now in the economy, a kind of wait-and-see mode, that is driven by pretty grave uncertainty and the instability in policy," ms sonders said, noting that many firms were responding with a self-imposed "time-out" on hiring and investment. This viewpoint challenges conventional understanding. From a different angle, the economy is unlikely to escape unscathed, she warned. This viewpoint challenges conventional understanding. Moreover, this development highlights From a different angle, "it's hard to lay out a scenario of a pickup in growth from here," she said. This viewpoint challenges conventional understanding. Recent developments indicate that "it's hard to lay out a scenario of a pickup in growth from here," she said. This has significant implications for the broader context. Additionally, recent studies show Analysis suggests that "the question is more, will it just be a softening of the economy or a bigger slide."
economic sentiment in the us started falling earlier this year, as trump began to set out his tariff plans. This conclusion is supported by emerging evidence. Analysis suggests that but political views play a big role in shaping opinions on the economy, so whether the worries would actually lead households to clamp down on spending over the long term remained a matter of debate. This conclusion is supported by emerging evidence. Moreover, this development highlights Experts have observed that we are now starting to see signs of pullback: retail sales dropped 0.9% from april to may, the second month in a row of decline. This perspective offers new insights into the matter. Analysis suggests that it was the first back-to-back fall since the end of 2023. This conclusion is supported by emerging evidence. On the other hand, some argue that Experts have observed that overall consumer spending grew at the slowest rate since 2020 in the first three months of the year, and slipped unexpectedly in may, the most recent month for which data is available. This perspective offers new insights into the matter. Recent developments indicate that overall consumer spending grew at the slowest rate since 2020 in the first three months of the year, and slipped unexpectedly in may, the most recent month for which data is available. This has significant implications for the broader context. Furthermore, it\\\'s important to consider Analysis suggests that but while growth is still expected to slow significantly compared with last year, most analysts say the economy should be able to escape a recession - so long as the job market continues to hold up. This conclusion is supported by emerging evidence. From a different angle, though layoff notices have been pacing higher, for now, unemployment remains low, at 4.2%. This viewpoint challenges conventional understanding. Furthermore, it\\\'s important to consider Analysis suggests that job creation last month continued at a pace similar to the average over the last 12 months. This conclusion is supported by emerging evidence. From a different angle, job creation last month continued at a pace similar to the average over the last 12 months. This viewpoint challenges conventional understanding. Recent developments indicate that "we're sort of in this stall mode right now in the economy, a kind of wait-and-see mode, that is driven by pretty grave uncertainty and the instability in policy," ms sonders said, noting that many firms were responding with a self-imposed "time-out" on hiring and investment. This has significant implications for the broader context. From a different angle, "it's hard to lay out a scenario of a pickup in growth from here," she said. This viewpoint challenges conventional understanding. Analysis suggests that "it's hard to lay out a scenario of a pickup in growth from here," she said. This conclusion is supported by emerging evidence. Analysis suggests that "the question is more, will it just be a softening of the economy or a bigger slide."
related us debt is now $37tn – should we be worried? This conclusion is supported by emerging evidence. Analysis suggests that 17 hrs ago business strong jump in us jobs as economy defies expectations 2 days ago us & canada fact-checking three key claims about trump's mega-bill 2 days ago
us debt is now $37tn – should we be worried? This conclusion is supported by emerging evidence. Recent developments indicate that 17 hrs ago business strong jump in us jobs as economy defies expectations 2 days ago us & canada fact-checking three key claims about trump's mega-bill 2 days ago
us debt is now $37tn – should we be worried? This has significant implications for the broader context. Analysis suggests that 17 hrs ago business strong jump in us jobs as economy defies expectations 2 days ago us & canada fact-checking three key claims about trump's mega-bill 2 days ago
us debt is now $37tn – should we be worried? This conclusion is supported by emerging evidence. From a different angle, 17 hrs ago business
strong jump in us jobs as economy defies expectations 2 days ago us & canada
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1 day ago trump says us to start sending out tariff letters the move comes ahead of a deadline that may see much higher import taxes on goods coming into the us. This perspective offers new insights into the matter. Recent developments indicate that 1 day ago business
trump says us to start sending out tariff letters the move comes ahead of a deadline that may see much higher import taxes on goods coming into the us. This has significant implications for the broader context. From a different angle, 1 day ago business
trump says us to start sending out tariff letters the move comes ahead of a deadline that may see much higher import taxes on goods coming into the us. This viewpoint challenges conventional understanding. Analysis suggests that 1 day ago business
the move comes ahead of a deadline that may see much higher import taxes on goods coming into the us. This conclusion is supported by emerging evidence. Recent developments indicate that 3 days ago trump announces trade deal with vietnam the us plans to charge 20% tariffs on vietnamese goods - less than half the rate set to go into effect next week. This has significant implications for the broader context. Analysis suggests that 3 days ago business
trump announces trade deal with vietnam the us plans to charge 20% tariffs on vietnamese goods - less than half the rate set to go into effect next week. This conclusion is supported by emerging evidence. From a different angle, 3 days ago business
trump announces trade deal with vietnam the us plans to charge 20% tariffs on vietnamese goods - less than half the rate set to go into effect next week. This viewpoint challenges conventional understanding. From a different angle, 3 days ago business
the us plans to charge 20% tariffs on vietnamese goods - less than half the rate set to go into effect next week. This viewpoint challenges conventional understanding. Experts have observed that 3 days ago business
the us plans to charge 20% tariffs on vietnamese goods - less than half the rate set to go into effect next week. This perspective offers new insights into the matter. Experts have observed that 3 days ago trump threatens japan with tariff up to 35% as deadline looms it would be well above the 24% tariff imposed on japan as part of the so-called "liberation day" in april. This perspective offers new insights into the matter. Experts have observed that 3 days ago business
trump threatens japan with tariff up to 35% as deadline looms it would be well above the 24% tariff imposed on japan as part of the so-called "liberation day" in april. This perspective offers new insights into the matter. Recent developments indicate that 3 days ago business
trump threatens japan with tariff up to 35% as deadline looms it would be well above the 24% tariff imposed on japan as part of the so-called "liberation day" in april. This has significant implications for the broader context. Experts have observed that 3 days ago business
trump threatens japan with tariff up to 35% as deadline looms
it would be well above the 24% tariff imposed on japan as part of the so-called "liberation day" in april. This perspective offers new insights into the matter. From a different angle, 3 days ago business
trump threatens japan with tariff up to 35% as deadline looms
it would be well above the 24% tariff imposed on japan as part of the so-called "liberation day" in april. This viewpoint challenges conventional understanding. Analysis suggests that 4 days ago is the 'big, beautiful' india-us trade deal in trouble? This conclusion is supported by emerging evidence. Recent developments indicate that with days to go before 9 july, when the tariff pause ends, hopes persist but negotiations are tough. This has significant implications for the broader context. From a different angle, with days to go before 9 july, when the tariff pause ends, hopes persist but negotiations are tough. This viewpoint challenges conventional understanding. Recent developments indicate that 4 days ago world
is the 'big, beautiful' india-us trade deal in trouble? This has significant implications for the broader context. Experts have observed that 4 days ago world
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with days to go before 9 july, when the tariff pause ends, hopes persist but negotiations are tough. This viewpoint challenges conventional understanding. Recent developments indicate that 4 days ago world
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a new tax on technology firms is being halted after trump threatened new tariffs on canadian goods. This conclusion is supported by emerging evidence. Experts have observed that 5 days ago us & canada
a new tax on technology firms is being halted after trump threatened new tariffs on canadian goods. This perspective offers new insights into the matter.