Donald Trump’s tariff ‘shock regime’ tests Wall Street’s mettle
US president backed off his threat of new duties on European economies after market tumult
US president backed off his threat of new duties on European economies after market tumult

US president’s latest ‘reciprocal’ levies hit many countries that had struck deals with Washington

US administration has other ways to hit trading partners with duties

US President Donald Trump announces levies on dozens of countries and formalises some trade deals

The US president’s ‘liberation day’ tariffs spooked markets but the global trading system has proved to be resilient

Relief at avoiding trade war is tinged with regret at not taking firmer stand from the start

Trading partners from Taiwan to Canada hit with steep new levies