Key Takeaways Forecasters expect the economic shockwave from President Donald Trump's trade wars to hit the economy soon, as reflected in "hard data" such as unemployment and inflation statistics.Some forecasts show inflation rising first,

Returning U.S. manufacturing employment to a level that remotely resembles its historical peak will be an uphill battle,” the bank said this week.

Calling the European Union "very difficult to deal with," President Donald Trump said Friday the United States would move to enact a 50% tariff on the EU.

Donald Trump’s sweeping tariffs may be able to survive a legal challenge, thanks in part to a Japanese zipper company that sued the Nixon administration 50 years ago.

For now, most of Apple's most important products are exempt from tariffs after Trump gave phones and computers a tariff waiver — even from China — in April.

Gold prices rose 2% on Friday and were headed for their best week in six, as investors sought the safe-haven asset amid renewed tariff threats from U.S. President Donald Trump and a weaker dollar. Spot gold gained 2% to $3,

Former first lady Michelle Obama spoke out about President Donald Trump's sweeping global tariffs during the newest episode of her podcast, IMO with Michelle Obama and Craig Robinson.Newsweek reached out to Trump's representative via email for comment on Thursday.

President Donald Trump said in a social media post Friday morning that Apple will have to pay a tariff of 25% or more for iPhones made outside the United States. "I have long ago informed Tim Cook of Apple that I expect their iPhone's that will be sold in the United States of America will be manufactured and built in the United States,