Louisiana, North Dakota, and Iowa rank as the top three most affected states, thanks to their reliance on agriculture and manufacturing. Others in the top 10, including South Dakota, Oregon, Nebraska, West Virginia, New Mexico, Kansas, and Michigan, show similar vulnerabilities.

In a stunning turn of events for the Trump Administration’s trade policy, today, May 28, the Court of International Trade vacated President

St. Louis Federal Reserve president Alberto Musalem said that even after President Trump's 90-day trade truce with China, tariffs at their current levels could have a "significant" impact on the economy in the short term.

Important measures of the economy like the unemployment rate and inflation have stayed stable so far despite President Donald Trump's trade wars, but that could soon change, forecasters say.

A US federal appeals court decided on Thursday night that Trump's global tariffs can temporarily stay in place while it considers the White House's appeal against the trade court's judgement - but the future of the President's tariff agenda remains in the balance.

China added fuel to simmering trade tensions with the US, setting investors on guard as they turned the page on a bullish May.

The legal confusion over tariffs has buffeted U.S. trading partners around the world, casting doubt on the durability of Trump’s favorite bargaining tool.

“Billings and architecture firms have been soft since really the end of 2022, but became weaker and more volatile beginning around the third quarter of 2023,” says Baker. “The recent scores since the beginning of the year have been disappointing. First-quarter ABI scores were the lowest since the pandemic.”

HP Inc. dropped about 15% in extended trading after the company’s profit outlook fell short of estimates and it cut the annual earnings forecast, pointing toward a weaker economy and continuing costs from US tariffs on goods from China.

The business community in southern Arizona is grappling with tariffs on imports and federal policies impacting tourism, retail and manufacturing.

Asia's factory activity experienced a decline in May, impacted by weak demand from China and the lingering effects of US tariffs. Manufacturing operations in Japan and South Korea continued to contract,