Ahead of the August 1 tariff deadline, Trump cuts rates for European imports while US exports will be tariff-free

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.

Thai and Cambodian leaders are set for talks Monday to halt the deadliest clash between the neighbors in more than a decade, with the US sending mediators after President Donald Trump used tariffs threats to press for a ceasefire.

April 9: Trump's higher "reciprocal tariffs" begin just after midnight. Hours later, the president says he is issuing a 90-day pause on those duties, except for China. Trump raises tariffs on Chinese goods from 104% to 145%, the highest rate so far this year.

Under the framework deal struck by European Commission president Ursula von der Leyen and Trump at his Turnberry golf resort on Sunday, the EU has swallowed a broad-based “baseline” US tariff of 15 per cent, including crucially for cars, but not for steel, which will be subject to a quota system.

The president's ratings with the Asian American and Pacific Islander demographic have fallen considerably since he took office.

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.

Country vows to strengthen ties after US president threatens punitive tariffs against any nation aligned with ‘anti-American’ bloc