The White House could be aware that the dramatic shock of tariffs has less power to sway trade deals when staged a second time

Economists appear to be lowering their expectations of the impact tariffs will have on the U.S. economy.

Not only did Trump impose a 25% tariff on India, he also announced a "penalty" on top of the duty because the South Asian country buys Russian oil.

The White House could be aware that the dramatic shock of tariffs has less power to sway trade deals when staged a second time

Governments, markets and companies digest president's announcement

The White House could be aware that the dramatic shock of tariffs has less power to sway trade deals when staged a second time.

Trump's extensive new tariff regime on swathes of U.S. partners have reignited trade tensions, sending shock waves through markets.

Trump’s late-night tariff moves have become a hallmark, catching markets off guard, reshaping deals, and forcing countries to react in real time.

Trump's new tariff rates have left many in shock but some countries fared better than others amid last-minute changes.

Stocks sold off Friday after President Donald Trump's latest tariff announcements, along with a weak jobs report, cast a pall over the U.S. economic outlook.