Americans’ views of the economy improved in May after five straight months of declines sent consumer confidence to the lowest level since the onset of the COVID-19 pandemic, largely driven by anxiety

This content outlines a detailed timeline of US President Donald Trump's recent tariff policies and their global impact. It discusses the escalation of trade wars primarily targeting China, Canada, Mexico,

President Donald Trump pulled back from threatening a larger trade war with Europe, again. On May 23, Trump said he would impose a 50% tariff on the EU starting on June 1. He later told reporters he felt no need to cut a deal.

Trump’s 50% tariff threat would hit $321 billion worth of trade between the US and the EU, lowering American GDP by close to 0.6% and boosting prices by more than 0.3%, according to Bloomberg Economics calculations.