Four months since Trump fired the opening salvo of his trade war, only China and Canada have dared to hit back at Washington imposing a minimum 10 per cent global tariff, 50 per cent levies on steel and aluminium, and 25 per cent on autos.

"Other trading partners observing these threats will have the same mistrust of the negotiation process," experts argue.

Tensions escalate between the US and Brazil as Donald Trump launched a Section 301 trade investigation into Brazil’s alleged unfair practices, just days after announcing a massive 50% tariff on Brazilian goods.

President Donald Trump says he plans to place tariffs of over 10% on smaller countries, including nations in Africa and the Caribbean.

JPMorgan Chase CEO Jamie Dimon defended the Federal Reserve's independence amidst President Trump's pressure for rate cuts, cautioning against policy interference. Dimon highlighted potential adverse consequences of meddling with the central bank.

Trump has repeatedly shifted his stance on tariffs since his “Liberation Day” announcement—earning him the nickname “TACO Trump.”

Egg prices cooled significantly in June, deviating from an overall rise in prices. The price of eggs climbed 27% over the year ending in June, which marked a slowdown from 41% year-over-year growth in May. Under Trump, inflation has defied doomsday predictions and helped to propel sturdy economic performance.